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2023
Flag → Flag
Exports $9.64BRnk 9 / 142
2023
Flag → Flag
Top Product $965MSemiconductor Devices
2023
Flag → Flag
Exports $5.65BRnk 23 / 220
2023
Flag → Flag
Top Product $565MFrozen Bovine Meat
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
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GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
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GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
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GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Vietnam-India Trade: In 2023, Vietnam exported $9.64B to India. The main products that Vietnam exported to India were Semiconductor Devices ($965M), Video Recording Equipment ($613M), and Telephones ($577M). Over the past 5 years the exports of Vietnam to India have increased at an annualized rate of 5.54%, from $7.37B in 2018 to $9.64B in 2023.

In 2023, Vietnam did not export any services to India.

India-Vietnam Trade: In 2023, India exported $5.65B to Vietnam. The main products that India exported to Vietnam were Frozen Bovine Meat ($565M), Corn ($338M), and Crustaceans ($249M). Over the past 5 years the exports of India to Vietnam have increased at an annualized rate of 1.4%,  from $5.27B in 2018 to $5.65B in 2023.

In 2023, India did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $9.64B to India. The main products exported from Vietnam to India were Semiconductor Devices ($965M), Video Recording Equipment ($613M), and Telephones ($577M). During the last 5 years the exports of Vietnam to India have increased at an annualized rate of 5.54%, from $7.37B in 2018 to $9.64B in 2023.

In 2018, India exported $5.65B to Vietnam. The main products exported from India to Vietnam were Frozen Bovine Meat ($565M), Corn ($338M), and Crustaceans ($249M). During the last 5 years the exports of India to Vietnam have increased at an annualized rate of 1.4%, from $5.27B in 2023 to $5.65B in 2018.

Exports from Vietnam (Flag) to India (Flag) (2023)

Exports from India (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Vietnam than India included China ($85.7B), United States ($118B), and Japan ($25.1B).

In 2023, countries that imported more from India than Vietnam included United Arab Emirates ($28.8B), Bangladesh ($11.3B), and Saudi Arabia ($11.4B).

Difference in imports from India (Flag) and Vietnam (Flag) (2023)

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 2023, Vietnam had a large net trade with India in the exports of Machines ($4.98B), Metals ($1.75B), and Chemical Products ($597M).

During 2018, India had a large net trade with Vietnam in the exports of Animal Products ($1.07B), Vegetable Products ($995M), and Chemical Products ($695M).

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) (2023)

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