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2022
Flag → Flag
Exports $8.19BRnk 8 / 152
2022
Flag → Flag
Top Product $927MTelephones
2022
Flag → Flag
Exports $6.29BRnk 24 / 217
2022
Flag → Flag
Top Product $434MFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Vietnam-India Trade: In 2022, Vietnam exported $8.19B to India. The main products that Vietnam exported to India were Telephones ($927M), Broadcasting Equipment ($768M), and Copper Pipes ($618M). Over the past 5 years the exports of Vietnam to India have increased at an annualized rate of 14.1%, from $4.24B in 2017 to $8.19B in 2022.

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

India-Vietnam Trade: In 2022, India exported $6.29B to Vietnam. The main products that India exported to Vietnam were Frozen Bovine Meat ($434M), Hot-Rolled Iron ($354M), and Flat Flat-Rolled Steel ($339M). Over the past 5 years the exports of India to Vietnam have decreased at an annualized rate of 5.33%,  from $8.27B in 2017 to $6.29B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Vietnam exported $8.19B to India. The main products exported from Vietnam to India were Telephones ($927M), Broadcasting Equipment ($768M), and Copper Pipes ($618M). During the last 5 years the exports of Vietnam to India have increased at an annualized rate of 14.1%, from $4.24B in 2017 to $8.19B in 2022.

In 2017, India exported $6.29B to Vietnam. The main products exported from India to Vietnam were Frozen Bovine Meat ($434M), Hot-Rolled Iron ($354M), and Flat Flat-Rolled Steel ($339M). During the last 5 years the exports of India to Vietnam have decreased at an annualized rate of 5.33%, from $8.27B in 2022 to $6.29B in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Vietnam than India included China ($58.7B), United States ($117B), and Japan ($25B).

In 2022, countries that imported more from India than Vietnam included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Saudi Arabia ($10.1B).

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

Comparative Advantage Vietnam - India

Flow
Scale

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

During 2022, Vietnam had a large net trade with India in the exports of Machines ($3.82B), Metals ($1.13B), and Chemical Products ($1B).

During 2017, India had a large net trade with Vietnam in the exports of Metals ($1.29B), Chemical Products ($859M), and Animal Products ($838M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam India+$985MTelephones
Top Product Potential India Vietnam+$154MPackaged Medicaments

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 India. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Vietnam.

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

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