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2022
Flag → Flag
Exports $4.66BRnk 21 / 152
2022
Flag → Flag
Top Product $216MLight Rubberized Knitted Fabric
2022
Flag → Flag
Exports $8.66BRnk 11 / 216
2022
Flag → Flag
Top Product $1.22BCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Vietnam-Indonesia Trade: In 2022, Vietnam exported $4.66B to Indonesia. The main products that Vietnam exported to Indonesia were Light Rubberized Knitted Fabric ($216M), Propylene Polymers ($210M), and Telephones ($204M). Over the past 5 years the exports of Vietnam to Indonesia have increased at an annualized rate of 8.43%, from $3.11B in 2017 to $4.66B in 2022.

In 2022, Vietnam did not export any services to Indonesia.

Indonesia-Vietnam Trade: In 2022, Indonesia exported $8.66B to Vietnam. The main products that Indonesia exported to Vietnam were Coal Briquettes ($1.22B), Cars ($947M), and Large Flat-Rolled Stainless Steel ($867M). Over the past 5 years the exports of Indonesia to Vietnam have increased at an annualized rate of 8.58%,  from $3.8B in 2017 to $8.66B in 2022.

In 2022, Indonesia did not export any services to Vietnam.

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $4.66B to Indonesia. The main products exported from Vietnam to Indonesia were Light Rubberized Knitted Fabric ($216M), Propylene Polymers ($210M), and Telephones ($204M). During the last 5 years the exports of Vietnam to Indonesia have increased at an annualized rate of 8.43%, from $3.11B in 2017 to $4.66B in 2022.

In 2017, Indonesia exported $8.66B to Vietnam. The main products exported from Indonesia to Vietnam were Coal Briquettes ($1.22B), Cars ($947M), and Large Flat-Rolled Stainless Steel ($867M). During the last 5 years the exports of Indonesia to Vietnam have increased at an annualized rate of 8.58%, from $3.8B in 2022 to $8.66B in 2017.

Exports from Vietnam (Flag) to Indonesia (Flag) (2022)

Exports from Indonesia (Flag) to Vietnam (Flag) (2022)

Latest Data

Trade between Vietnam (Flag) and Indonesia (Flag)

Indonesia Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Indonesia
Top DestinationChina$67.7B

This map shows whether countries import more from Vietnam or Indonesia. Each country is colored based on the difference in imports they receive from Vietnam and Indonesia or the difference in the growth in imports.

In 2022, countries that imported more from Vietnam than Indonesia included United States ($117B), South Korea ($25.2B), and Hong Kong ($12.7B).

In 2022, countries that imported more from Indonesia than Vietnam included India ($25.3B), Singapore ($15.5B), and Malaysia ($15.6B).

Difference in imports from Indonesia (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - Indonesia

Flow
Scale

This chart compares trade between Vietnam and Indonesia by product, considering products traded by both, Vietnam and Indonesia.

During 2022, Vietnam had a large net trade with Indonesia in the exports of Machines ($1.16B), Textiles ($723M), and Metals ($641M).

During 2017, Indonesia had a large net trade with Vietnam in the exports of Metals ($1.65B), Mineral Products ($1.32B), and Transportation ($1.29B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Indonesia+$306MTelephones
Top Product Potential Indonesia Vietnam+$219MCoal Briquettes

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Vietnam and Indonesia. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Vietnam.

Product Space of Vietnam (Flag) and Indonesia (Flag) (2022)

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