Viet Nam
↔
Malaysia

Viet Nam-Malaysia Bilateral Trade Analysis 2023

Complete trade statistics: $17.40B total volume •Viet Nam deficit: $5.39B

Viet Nam → Malaysia

$6.01B

Exports (2023)

Malaysia → Viet Nam

$11.39B

Imports (2023)

Trade Balance

$5.39B

Deficit for Viet Nam

Total Trade

$17.40B

Combined Volume

Trade Flow Visualization

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

Viet Nam → Malaysia Exports

$6.01B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
14.3% top product
1Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$859.30M
14.3% of exports
2Chemical elements: doped for use in electronics, in the form of discs, wafers or similar forms: chemical compounds doped for use in electronics
$506.98M
8.4% of exports
3Telephones for cellular networks or for other wireless networks
$363.22M
6.0% of exports
4Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed
$216.33M
3.6% of exports
5Iron 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
$111.26M
1.9% of exports
6Units 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
$96.73M
1.6% of exports
7Plywood: consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of tropical wood
$87.18M
1.5% of exports
8Iron or non-alloy steel: flat-rolled, width 600mm or more, (not corrugated), plated or coated with zinc (not electrolytically)
$87.12M
1.5% 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 less than 3mm
$85.20M
1.4% of exports
10Glass: float glass and surface ground or polished glass, in sheets, non-wired, having an absorbent reflecting or non-reflecting layer
$83.10M
1.4% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to Malaysia 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.

Malaysia → Viet Nam Imports

$11.39B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
35.9% concentration
1Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$4.09B
35.9% of imports
2Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$1.64B
14.4% of imports
3Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified
$391.26M
3.4% of imports
4Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED)
$375.88M
3.3% of imports
5Air conditioning machines: comprising a motor-driven fan and elements for changing the temperature and humidity, of a kind designed to be fixed to a window, wall, ceiling or floor, self-contained or "split-system"
$214.90M
1.9% of imports
6Iron ores and concentrates: non-agglomerated
$208.48M
1.8% of imports
7Aluminium: unwrought, (not alloyed)
$202.86M
1.8% of imports
8Instruments, apparatus for measuring, checking electrical quantities, not meters of heading no. 9028: parts and accessories, for measuring or detecting alpha, beta, gamma, x-ray, cosmic and other radiations
$170.62M
1.5% of imports
9Electronic integrated circuits: n.e.c. in heading no. 8542
$123.35M
1.1% of imports
10Silicon: containing by weight not less than 99.99% of silicon
$106.72M
0.9% of imports

📦 Import Strategy Analysis

Viet Nam's import pattern from Malaysia 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 Malaysia, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

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

Specialized Exchange
📈

Growth Potential

The $17.40B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Viet Nam-Malaysia Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $17.40 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a deficit of $5.39 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, chemical elements: doped for use in electronics, in the form of discs, wafers or similar forms: chemical compounds doped for use in electronics, telephones for cellular networks or for other wireless networks
  • Import Dependencies: Key imports from Malaysia include electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, 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 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 $17.40B 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

1

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 Malaysia's demand patterns, creating natural trade synergies.

2

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.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $17.40B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $17.40B 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 $17.40 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

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.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

Viet Nam's trade deficit of $5.39 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 chemical elements: doped for use in electronics, in the form of discs, wafers or similar forms: chemical compounds doped for use in electronics present expansion opportunities.
Market Diversification
Beyond current focus on electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits, 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 electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits 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 Malaysia represents a total trade volume of $17.40 billion in 2023. This partnership demonstrates an unfavorable trade balance for Viet Nam, with imports exceeding exportsby $5.39 billion.

Export Strengths

Viet Nam's exports to Malaysia total $6.01 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 $859.30M or14.3% of bilateral exports.

Import Dependencies

Imports from Malaysia amount to $11.39 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 comprising35.9% of total imports.

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

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