Viet Nam-China, Hong Kong SAR Bilateral Trade Analysis 2023
Complete trade statistics: $31.53B total volume •Viet Nam surplus: $2.69B
Viet Nam → China, Hong Kong SAR
$17.11B
Exports (2023)
China, Hong Kong SAR → Viet Nam
$14.42B
Imports (2023)
Trade Balance
$2.69B
Surplus for Viet Nam
Total Trade
$31.53B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Viet Nam and China, Hong Kong SAR. 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, Hong Kong SAR commercial relationship and competitive positioning in global markets.
Viet Nam → China, Hong Kong SAR Exports
Export Market Intelligence
🎯 Strategic Export Focus
Viet Nam's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits representing a key competitive advantage in this bilateral market.
China, Hong Kong SAR → Viet Nam Imports
Import Dependency Profile
📦 Import Strategy Analysis
Viet Nam's import pattern from China, Hong Kong SAR reveals strategic sourcingin electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Viet Nam demonstrates competitive strength in exportingelectronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits to China, Hong Kong SAR, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $31.53B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Viet Nam-China, Hong Kong SAR Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $31.53 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Viet Nam maintains a surplus of $2.69 billion
- Export Focus: Viet Nam's primary exports include 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, telephones for cellular networks or for other wireless networks
- Import Dependencies: Key imports from China, Hong Kong SAR include electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, electronic integrated circuits: n.e.c. in heading no. 8542, electronic integrated circuits: memories
Strategic Trade Indicators
📈 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 $31.53B 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 electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits.
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
Comparative Advantage
Viet Nam's specialization in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuitscomplements China, Hong Kong SAR's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $31.53B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $31.53B 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 $31.53 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits and electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Viet Nam's trade surplus of $2.69 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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, Hong Kong SAR represents a total trade volume of $31.53 billion in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $2.69 billion.
Export Strengths
Viet Nam's exports to China, Hong Kong SAR total $17.11 billion, with competitive advantages in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, representing $7.52B or43.9% of bilateral exports.
Import Dependencies
Imports from China, Hong Kong SAR amount to $14.42 billion, highlighting economic interdependence in electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, with Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits comprising28.5% 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 China, Hong Kong SAR in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023