Australia
↔
Viet Nam

Australia-Viet Nam Bilateral Trade Analysis 2023

Complete trade statistics: $14.38B total volume •Australia surplus: $1.26B

Australia → Viet Nam

$7.82B

Exports (2023)

Viet Nam → Australia

$6.56B

Imports (2023)

Trade Balance

$1.26B

Surplus for Australia

Total Trade

$14.38B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Australia and Viet Nam. Green line shows exports from Australia, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Australia-Viet Nam commercial relationship and competitive positioning in global markets.

Australia → Viet Nam Exports

$7.82B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
37.4% top product
1Coal: bituminous, whether or not pulverised, but not agglomerated
$2.93B
37.4% of exports
2Cotton: not carded or combed
$1.05B
13.4% of exports
3Cereals: wheat and meslin, other than durum wheat, other than seed
$881.97M
11.3% of exports
4Iron ores and concentrates: non-agglomerated
$796.46M
10.2% of exports
5Aluminium: unwrought, (not alloyed)
$240.97M
3.1% of exports
6Cereals: barley, other than seed
$161.88M
2.1% of exports
7Malt: not roasted
$141.93M
1.8% of exports
8Cattle: live, other than pure-bred breeding animals
$135.33M
1.7% of exports
9Copper: refined, unwrought, cathodes and sections of cathodes
$132.50M
1.7% of exports
10Ferrous waste and scrap: n.e.c. in heading no. 7204
$94.44M
1.2% of exports

🎯 Strategic Export Focus

Australia's export portfolio to Viet Nam demonstrates strong diversification across multiple sectors, with coal: bituminous, whether or not pulverised, but not agglomerated representing a key competitive advantage in this bilateral market.

Viet Nam → Australia Imports

$6.56B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
11.9% concentration
1Telephones for cellular networks or for other wireless networks
$778.59M
11.9% of imports
2Oils: petroleum oils and oils obtained from bituminous minerals, crude
$697.78M
10.6% of imports
3Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$360.74M
5.5% of imports
4Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen
$311.93M
4.8% of imports
5Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials
$164.83M
2.5% of imports
6Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water
$162.78M
2.5% of imports
7Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers
$128.44M
2.0% of imports
8Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather
$123.31M
1.9% of imports
9Iron or steel: structures and parts thereof, n.e.c. in heading 7308
$117.58M
1.8% of imports
10Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
$101.15M
1.5% of imports

📦 Import Strategy Analysis

Australia's import pattern from Viet Nam reveals strategic sourcingin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Australia demonstrates competitive strength in exportingcoal: bituminous, whether or not pulverised, but not agglomerated to Viet Nam, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $14.38B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Australia-Viet Nam Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $14.38 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Australia maintains a surplus of $1.26 billion
  • Export Focus: Australia's primary exports include coal: bituminous, whether or not pulverised, but not agglomerated, cotton: not carded or combed, cereals: wheat and meslin, other than durum wheat, other than seed
  • Import Dependencies: Key imports from Viet Nam include telephones for cellular networks or for other wireless networks, oils: petroleum oils and oils obtained from bituminous minerals, crude, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $14.38B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Australia leveraging its comparative advantages in coal: bituminous, whether or not pulverised, but not agglomerated.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Australia's specialization in coal: bituminous, whether or not pulverised, but not agglomeratedcomplements Viet Nam's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $14.38B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $14.38B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $14.38 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in coal: bituminous, whether or not pulverised, but not agglomerated and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Australia's trade surplus of $1.26 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in cotton: not carded or combed present expansion opportunities.
Market Diversification
Beyond current focus on telephones for cellular networks or for other wireless networks, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in coal: bituminous, whether or not pulverised, but not agglomerated may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Australia and Viet Nam represents a total trade volume of $14.38 billion in 2023. This partnership demonstrates a favorable trade balance for Australia, with exports exceeding importsby $1.26 billion.

Export Strengths

Australia's exports to Viet Nam total $7.82 billion, with competitive advantages in coal: bituminous, whether or not pulverised, but not agglomerated, representing $2.93B or37.4% of bilateral exports.

Import Dependencies

Imports from Viet Nam amount to $6.56 billion, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising11.9% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Australia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Australia and Viet Nam in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023