Viet Nam
↔
Canada

Viet Nam-Canada Bilateral Trade Analysis 2023

Complete trade statistics: $10.39B total volume •Viet Nam surplus: $9.24B

Viet Nam → Canada

$9.81B

Exports (2023)

Canada → Viet Nam

$572.69M

Imports (2023)

Trade Balance

$9.24B

Surplus for Viet Nam

Total Trade

$10.39B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Viet Nam and Canada. 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-Canada commercial relationship and competitive positioning in global markets.

Viet Nam → Canada Exports

$9.81B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
12.8% top product
1Telephones for cellular networks or for other wireless networks
$1.25B
12.8% of exports
2Communication 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
$586.74M
6.0% of exports
3Automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display
$500.24M
5.1% of exports
4Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED)
$345.59M
3.5% of exports
5Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers
$282.91M
2.9% of exports
6Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials
$224.84M
2.3% of exports
7Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
$209.98M
2.1% of exports
8Tools: for working in the hand, with self-contained electric motor: other than saws and drills
$174.79M
1.8% of exports
9Cases and containers: n.e.c. in heading 4202, with outer surface of sheeting of plastics or of textile materials
$166.38M
1.7% of exports
10Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather
$140.30M
1.4% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to Canada 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.

Canada → Viet Nam Imports

$572.69M
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
14.2% concentration
1Soya beans: other than seed, whether or not broken
$81.37M
14.2% of imports
2Cereals: wheat and meslin, other than durum wheat, other than seed
$75.86M
13.2% of imports
3Offal, edible: of bovine animals, (other than tongues and livers), frozen
$29.67M
5.2% of imports
4Fertilizers, mineral or chemical: potassic, potassium chloride
$28.56M
5.0% of imports
5Crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water
$23.46M
4.1% of imports
6Meat: of bovine animals, boneless cuts, frozen
$23.18M
4.0% of imports
7Surveying equipment: articles n.e.c. in heading no. 9015, including hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances (excluding compasses)
$19.64M
3.4% of imports
8Coal: bituminous, whether or not pulverised, but not agglomerated
$19.03M
3.3% of imports
9Wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood
$18.54M
3.2% of imports
10Paper or paperboard: waste and scrap, of unbleached kraft paper or paperboard or corrugated paper or paperboard
$13.19M
2.3% of imports

📦 Import Strategy Analysis

Viet Nam's import pattern from Canada reveals significant dependencyin soya beans: other than seed, whether or not broken, 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 Canada, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

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

Specialized Exchange
📈

Growth Potential

The $10.39B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Viet Nam-Canada Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $10.39 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a surplus of $9.24 billion
  • Export Focus: Viet Nam's primary exports include telephones for cellular networks or for other wireless networks, 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, automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display
  • Import Dependencies: Key imports from Canada include soya beans: other than seed, whether or not broken, cereals: wheat and meslin, other than durum wheat, other than seed, offal, edible: of bovine animals, (other than tongues and livers), frozen

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 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 $10.39B 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 Canada's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in soya beans: other than seed, whether or not broken.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $10.39B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $10.39B 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 $10.39 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 soya beans: other than seed, whether or not broken demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Viet Nam's trade surplus of $9.24 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in 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 present expansion opportunities.
Market Diversification
Beyond current focus on soya beans: other than seed, whether or not broken, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
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 Canada represents a total trade volume of $10.39 billion in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $9.24 billion.

Export Strengths

Viet Nam's exports to Canada total $9.81 billion, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $1.25B or12.8% of bilateral exports.

Import Dependencies

Imports from Canada amount to $572.69 million, highlighting economic interdependence in soya beans: other than seed, whether or not broken, with Soya beans: other than seed, whether or not broken comprising14.2% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Viet Nam'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 Viet Nam and Canada in multiple formats.

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