Viet Nam-China, Macao SAR Bilateral Trade Analysis 2023
Complete trade statistics: $371.18M total volume •Viet Nam surplus: $343.84M
Viet Nam → China, Macao SAR
$357.51M
Exports (2023)
China, Macao SAR → Viet Nam
$13.67M
Imports (2023)
Trade Balance
$343.84M
Surplus for Viet Nam
Total Trade
$371.18M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Viet Nam and China, Macao 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, Macao SAR commercial relationship and competitive positioning in global markets.
Viet Nam → China, Macao SAR Exports
Export Market Intelligence
🎯 Strategic Export Focus
Viet Nam's export portfolio to China, Macao SAR demonstrates strategic specialization, 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, Macao SAR → Viet Nam Imports
Import Dependency Profile
📦 Import Strategy Analysis
Viet Nam's import pattern from China, Macao SAR reveals significant dependencyin ferrous waste and scrap: n.e.c. in heading no. 7204, 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, Macao SAR, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $371.18M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Viet Nam-China, Macao SAR Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $371.18 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Viet Nam maintains a surplus of $343.84 million
- 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, fish: edible offal, shark fins, telephones for cellular networks or for other wireless networks
- Import Dependencies: Key imports from China, Macao SAR include ferrous waste and scrap: n.e.c. in heading no. 7204, ferrous waste and scrap: of cast iron, spirits obtained by distilling grape wine or grape marc
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $371.18M 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, Macao SAR's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ferrous waste and scrap: n.e.c. in heading no. 7204.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $371.18M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $371.18M 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 $371.18 million bilateral trade volume represents a important trade relationshipfor 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 ferrous waste and scrap: n.e.c. in heading no. 7204 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Viet Nam's trade surplus of $343.84 million 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, Macao SAR represents a total trade volume of $371.18 million in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $343.84 million.
Export Strengths
Viet Nam's exports to China, Macao SAR total $357.51 million, 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 $169.76M or47.5% of bilateral exports.
Import Dependencies
Imports from China, Macao SAR amount to $13.67 million, highlighting economic interdependence in ferrous waste and scrap: n.e.c. in heading no. 7204, with Ferrous waste and scrap: n.e.c. in heading no. 7204 comprising46.7% 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, Macao SAR in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023