Viet Nam
↔
India

Viet Nam-India Bilateral Trade Analysis 2023

Complete trade statistics: $15.29B total volume •Viet Nam surplus: $3.99B

Viet Nam → India

$9.64B

Exports (2023)

India → Viet Nam

$5.65B

Imports (2023)

Trade Balance

$3.99B

Surplus for Viet Nam

Total Trade

$15.29B

Combined Volume

Trade Flow Visualization

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

Viet Nam → India Exports

$9.64B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
10.0% top product
1Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED)
$960.88M
10.0% of exports
2Television cameras, digital cameras and video camera recorders
$611.47M
6.3% of exports
3Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
$576.55M
6.0% of exports
4Copper: tubes and pipes, of refined copper
$563.08M
5.8% of exports
5Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$377.09M
3.9% of exports
6Communication 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
$269.51M
2.8% of exports
7Telephones for cellular networks or for other wireless networks
$195.35M
2.0% of exports
8Aluminium oxide: other than artificial corundum
$189.26M
2.0% of exports
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 4.75mm or more but not exceeding 10mm
$180.21M
1.9% of exports
10Iron 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
$175.50M
1.8% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to India demonstrates strong diversification across multiple sectors, with electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) representing a key competitive advantage in this bilateral market.

India → Viet Nam Imports

$5.65B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
10.0% concentration
1Meat: of bovine animals, boneless cuts, frozen
$565.38M
10.0% of imports
2Cereals: maize (corn), other than seed
$333.94M
5.9% of imports
3Crustaceans: 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
$248.71M
4.4% of imports
4Ground-nuts: other than seed, not roasted or otherwise cooked, shelled, whether or not broken,
$214.28M
3.8% of imports
5Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil
$192.23M
3.4% of imports
6Aluminium: unwrought, (not alloyed)
$188.09M
3.3% of imports
7Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed
$187.33M
3.3% of imports
8Vehicle parts and accessories: n.e.c. in heading no. 8708
$165.80M
2.9% 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
$161.38M
2.9% of imports
10Offal, edible: of bovine animals, (other than tongues and livers), frozen
$148.22M
2.6% of imports

📦 Import Strategy Analysis

Viet Nam's import pattern from India reveals significant dependencyin meat: of bovine animals, boneless cuts, frozen, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Viet Nam demonstrates competitive strength in exportingelectrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) to India, 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 $15.29B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Viet Nam-India Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $15.29 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a surplus of $3.99 billion
  • Export Focus: Viet Nam's primary exports include electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), television cameras, digital cameras and video camera recorders, telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts
  • Import Dependencies: Key imports from India include meat: of bovine animals, boneless cuts, frozen, cereals: maize (corn), other than seed, crustaceans: 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

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 $15.29B 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 electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led).

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 electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led)complements India's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in meat: of bovine animals, boneless cuts, frozen.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $15.29B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $15.29B 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 $15.29 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) and meat: of bovine animals, boneless cuts, frozen demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Viet Nam's trade surplus of $3.99 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 television cameras, digital cameras and video camera recorders present expansion opportunities.
Market Diversification
Beyond current focus on meat: of bovine animals, boneless cuts, frozen, 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 electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) 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 India represents a total trade volume of $15.29 billion in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $3.99 billion.

Export Strengths

Viet Nam's exports to India total $9.64 billion, with competitive advantages in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), representing $960.88M or10.0% of bilateral exports.

Import Dependencies

Imports from India amount to $5.65 billion, highlighting economic interdependence in meat: of bovine animals, boneless cuts, frozen, with Meat: of bovine animals, boneless cuts, frozen comprising10.0% 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 India in multiple formats.

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