Vietnam (VNM) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Vietnam-Iran Trade: In 2022, Vietnam exported $38.5M to Iran. The main products that Vietnam exported to Iran were N/A. Over the past 5 years the exports of Vietnam to Iran have decreased at an annualized rate of 13.5%, from $79.5M in 2017 to $38.5M in 2022.

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

Iran-Vietnam Trade: In 2022, Iran exported $67.7M to Vietnam. The main products that Iran exported to Vietnam were N/A. Over the past 5 years the exports of Iran to Vietnam have decreased at an annualized rate of 28.6%, from $364M in 2017 to $67.7M in 2022.

In 2022, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $38.5M to Iran. There were not main exports from Vietnam to Iran in 2022. During the last 5 years the exports of Vietnam to Iran have decreased at an annualized rate of 13.5%, from $79.5M in 2017 to $38.5M in 2022.

In 2017, Iran exported $67.7M to Vietnam. There were not main exports from Iran to Vietnam in 2017. During the last 5 years the exports of Iran to Vietnam have decreased at an annualized rate of 28.6%, from $364M in 2022 to $67.7M in 2017.

Exports from Vietnam () to Iran () (2022)

Exports from Iran () to Vietnam () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Vietnam included Pakistan ($943M), Azerbaijan ($473M), and Oman ($320M).

Difference in imports from Iran () and Vietnam () (2023)

Comparative Advantage Vietnam - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Iran in the exports of .

During 2017, Iran had a large net trade with Vietnam in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Iran+$12.8kTelephones

Top Product Potential Iran Vietnam+$7.32kEthylene Polymers

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Iran () (2022)

Exports from Iran () to Vietnam () (2022)

Market Competitiveness

Difference in imports from Iran () and Vietnam () (2023)

Comparative Advantage Vietnam - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Iran () (2022)

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