Viet Nam
↔
Indonesia

Viet Nam-Indonesia Bilateral Trade Analysis 2023

Complete trade statistics: $12.84B total volume •Viet Nam deficit: $2.24B

Viet Nam → Indonesia

$5.30B

Exports (2023)

Indonesia → Viet Nam

$7.54B

Imports (2023)

Trade Balance

$2.24B

Deficit for Viet Nam

Total Trade

$12.84B

Combined Volume

Trade Flow Visualization

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

Viet Nam → Indonesia Exports

$5.30B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
12.3% top product
1Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed
$653.76M
12.3% of exports
2Iron 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
$206.52M
3.9% 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
$171.96M
3.2% of exports
4Propylene, other olefin polymers: polypropylene in primary forms
$132.51M
2.5% of exports
5Wood: for fuel, in chips or particles, non-coniferous, whether or not agglomerated
$102.55M
1.9% of exports
6Aluminium oxide: other than artificial corundum
$99.57M
1.9% of exports
7Motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars
$93.96M
1.8% of exports
8Paper and paperboard: coated, impregnated or covered with plastics (excluding adhesives), other than bleached and weighing more than 150g/m2, other than goods of heading no. 4803, 4809, or 4810
$87.91M
1.7% of exports
9Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen
$87.81M
1.7% of exports
10Leather: further prepared after tanning or crusting, incl. parchment-dressed, of bovine (including buffalo) or equine animals, no hair, excluding leather of heading 41.14, and whole hides and skins, and sides, (full grains, unsplit and grain splits)
$85.03M
1.6% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to Indonesia demonstrates strong diversification across multiple sectors, with cereals: rice, semi-milled or wholly milled, whether or not polished or glazed representing a key competitive advantage in this bilateral market.

Indonesia → Viet Nam Imports

$7.54B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
15.7% concentration
1Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated
$1.18B
15.7% of imports
2Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 3mm or more but less than 4.75mm
$605.78M
8.0% of imports
3Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified
$577.22M
7.7% of imports
4Coal: bituminous, whether or not pulverised, but not agglomerated
$311.79M
4.1% of imports
5Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
$271.79M
3.6% of imports
6Copper: refined, unwrought, cathodes and sections of cathodes
$271.05M
3.6% of imports
7Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of less than 3mm
$154.10M
2.0% of imports
8Molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
$141.55M
1.9% of imports
9Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 4.75mm or more but not exceeding 10mm
$131.41M
1.7% of imports
10Copper: wire, of refined copper, of which the maximum cross-sectional dimension is 6mm or less
$124.11M
1.6% of imports

📦 Import Strategy Analysis

Viet Nam's import pattern from Indonesia reveals strategic sourcingin coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Viet Nam demonstrates competitive strength in exportingcereals: rice, semi-milled or wholly milled, whether or not polished or glazed to Indonesia, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

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

Highly Balanced
📈

Growth Potential

The $12.84B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Viet Nam-Indonesia Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $12.84 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a deficit of $2.24 billion
  • Export Focus: Viet Nam's primary exports include cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, iron 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, 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 Indonesia include coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 3mm or more but less than 4.75mm, vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 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 $12.84B 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 cereals: rice, semi-milled or wholly milled, whether or not polished or glazed.

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 cereals: rice, semi-milled or wholly milled, whether or not polished or glazedcomplements Indonesia's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $12.84B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $12.84B 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 $12.84 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed and coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Viet Nam's trade deficit of $2.24 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in iron 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 present expansion opportunities.
Market Diversification
Beyond current focus on coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, 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 cereals: rice, semi-milled or wholly milled, whether or not polished or glazed 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 Indonesia represents a total trade volume of $12.84 billion in 2023. This partnership demonstrates an unfavorable trade balance for Viet Nam, with imports exceeding exportsby $2.24 billion.

Export Strengths

Viet Nam's exports to Indonesia total $5.30 billion, with competitive advantages in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, representing $653.76M or12.3% of bilateral exports.

Import Dependencies

Imports from Indonesia amount to $7.54 billion, highlighting economic interdependence in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, with Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated comprising15.7% of total imports.

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

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