Viet Nam
↔
Australia

Viet Nam-Australia Bilateral Trade Analysis 2023

Complete trade statistics: $14.38B total volume •Viet Nam deficit: $1.26B

Viet Nam → Australia

$6.56B

Exports (2023)

Australia → Viet Nam

$7.82B

Imports (2023)

Trade Balance

$1.26B

Deficit for Viet Nam

Total Trade

$14.38B

Combined Volume

Trade Flow Visualization

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

Detailed Product Trade Analysis

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

Viet Nam → Australia Exports

$6.56B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
11.9% top product
1Telephones for cellular networks or for other wireless networks
$778.59M
11.9% of exports
2Oils: petroleum oils and oils obtained from bituminous minerals, crude
$697.78M
10.6% of exports
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 exports
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 exports
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 exports
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 exports
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 exports
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 exports
9Iron or steel: structures and parts thereof, n.e.c. in heading 7308
$117.58M
1.8% of exports
10Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
$101.15M
1.5% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to Australia demonstrates strong diversification across multiple sectors, with telephones for cellular networks or for other wireless networks representing a key competitive advantage in this bilateral market.

Australia → Viet Nam Imports

$7.82B
2023 Total

Import Dependency Profile

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

📦 Import Strategy Analysis

Viet Nam's import pattern from Australia reveals strategic sourcingin coal: bituminous, whether or not pulverised, but not agglomerated, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Viet Nam demonstrates competitive strength in exportingtelephones for cellular networks or for other wireless networks to Australia, 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: Viet Nam-Australia Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $14.38 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a deficit of $1.26 billion
  • Export Focus: Viet Nam's primary exports 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
  • Import Dependencies: Key imports from Australia 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

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 Viet Nam leveraging its comparative advantages in telephones for cellular networks or for other wireless networks.

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

Viet Nam's specialization in telephones for cellular networks or for other wireless networkscomplements Australia's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in coal: bituminous, whether or not pulverised, but not agglomerated.

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

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Viet Nam's trade deficit of $1.26 billion impacts 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 oils: petroleum oils and oils obtained from bituminous minerals, crude present expansion opportunities.
Market Diversification
Beyond current focus on coal: bituminous, whether or not pulverised, but not agglomerated, 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 telephones for cellular networks or for other wireless networks 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 Viet Nam and Australia represents a total trade volume of $14.38 billion in 2023. This partnership demonstrates an unfavorable trade balance for Viet Nam, with imports exceeding exportsby $1.26 billion.

Export Strengths

Viet Nam's exports to Australia total $6.56 billion, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $778.59M or11.9% of bilateral exports.

Import Dependencies

Imports from Australia amount to $7.82 billion, highlighting economic interdependence in coal: bituminous, whether or not pulverised, but not agglomerated, with Coal: bituminous, whether or not pulverised, but not agglomerated comprising37.4% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Viet Nam's strategic sourcing from Australia. 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 Viet Nam and Australia in multiple formats.

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