Viet Nam
↔
China

Viet Nam-China Bilateral Trade Analysis 2023

Complete trade statistics: $220.44B total volume •Viet Nam deficit: $49.06B

Viet Nam → China

$85.69B

Exports (2023)

China → Viet Nam

$134.75B

Imports (2023)

Trade Balance

$49.06B

Deficit for Viet Nam

Total Trade

$220.44B

Combined Volume

Trade Flow Visualization

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

Viet Nam → China Exports

$85.69B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
27.1% top product
1Telephones for cellular networks or for other wireless networks
$23.19B
27.1% of exports
2Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$14.88B
17.4% of exports
3Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors
$8.67B
10.1% of exports
4Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$3.17B
3.7% of exports
5Fruit, edible: durians, fresh
$2.14B
2.5% of exports
6Rubber: mixtures of natural and synthetic rubbers of heading no. 4001 and 4002, in primary forms or in plates, sheets or strip
$1.98B
2.3% of exports
7Units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units
$1.80B
2.1% of exports
8Communication 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
$1.76B
2.1% of exports
9Wood: for fuel, in chips or particles, non-coniferous, whether or not agglomerated
$1.66B
1.9% of exports
10Insulated electric conductors: for a voltage not exceeding 1000 volts, fitted with connectors
$983.32M
1.1% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to China 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.

China → Viet Nam Imports

$134.75B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
5.3% concentration
1Telephones for cellular networks or for other wireless networks
$7.17B
5.3% of imports
2Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$6.01B
4.5% of imports
3Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$5.81B
4.3% of imports
4Electronic integrated circuits: memories
$3.55B
2.6% of imports
5Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
$3.28B
2.4% of imports
6Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors
$1.95B
1.4% of imports
7Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$1.64B
1.2% of imports
8Circuits: printed
$1.59B
1.2% of imports
9Iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm
$1.55B
1.2% of imports
10Fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread
$1.24B
0.9% of imports

📦 Import Strategy Analysis

Viet Nam's import pattern from China 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

Viet Nam demonstrates competitive strength in exportingtelephones for cellular networks or for other wireless networks to China, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

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

Specialized Exchange
📈

Growth Potential

The $220.44B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Viet Nam-China Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $220.44 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a deficit of $49.06 billion
  • Export Focus: Viet Nam's primary exports include telephones for cellular networks or for other wireless networks, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors
  • Import Dependencies: Key imports from China include telephones for cellular networks or for other wireless networks, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents one of the world's largest 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 $220.44B 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 China'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 $220.44B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $220.44B 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 $220.44 billion bilateral trade volume represents a major economic driverfor both economies.

Economic Significance: Critical
🏭

Industrial Integration

Trade flows in telephones for cellular networks or for other wireless networks 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

Viet Nam's trade deficit of $49.06 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits 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 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 China represents a total trade volume of $220.44 billion in 2023. This partnership demonstrates an unfavorable trade balance for Viet Nam, with imports exceeding exportsby $49.06 billion.

Export Strengths

Viet Nam's exports to China total $85.69 billion, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $23.19B or27.1% of bilateral exports.

Import Dependencies

Imports from China amount to $134.75 billion, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising5.3% of total imports.

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

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