Flag Vietnam / South Korea Flag

2019
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Exports
: $20.3B, Rnk 4 / 140

2019
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Top Product
: $4.1B, Telephones

2019
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Exports
: $47.8B, Rnk 3 / 215

2019
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Top Product
: $9.9B, Integrated Circuits

2019
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Economic Complexity (ECI)
: ECI 0.11, Rnk 67 / 157

2019
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Economic Complexity (ECI)
: ECI 1.95, Rnk 5 / 157

2019
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GDP
: $262B, CURRENT US$
Rnk 44 / 187

2009-2019
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GDP GROWTH
: 147%, CURRENT US$
Rnk 13 / 187

2019
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 GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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GDP PC 
: $2,715, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP PC GROWTH
: 123%, CURRENT US$
Rnk 10 / 187

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

Vietnam-South Korea: In 2019, Vietnam exported $20.3B to South Korea. The main products that Vietnam exported to South Korea are Telephones ($4.1B), Broadcasting Equipment ($1.29B), and Broadcasting Accessories ($866M). During the last 24 years the exports of Vietnam to South Korea have increased at an annualized rate of 21.6%, from $187M in 1995 to $20.3B in 2019.

In 2019, Vietnam did not exported services to South Korea.

South Korea-Vietnam: In 2019, South Korea exported $47.8B to Vietnam . The main products that South Korea exported to Vietnam were Integrated Circuits ($9.9B), Telephones ($7.02B), and Broadcasting Accessories ($2.33B). During the last 24 years the exports of South Korea to Vietnam have increased at an annualized rate of 16%, from $1.35B in 1995 to $47.8B in 2019.

In 2005, South Korea exported services to Vietnam worth $385M, with Transportation ($257M), Other business services ($39.4M), and Travel ($38.7M) being the largest in terms of value.

Comparison: In 2019,  Vietnam ranked 67 in the Economic Complexity Index (ECI 0.11), and 20 in total exports ($280B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.95), and 6 in total exports ($555B).

Bilateral Trade by Products

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Depth
Value

In 2019, Vietnam exported $20.3B to South Korea. The main products exported from Vietnam to South Korea were Telephones ($4.1B), Broadcasting Equipment ($1.29B), and Broadcasting Accessories ($866M). During the last 24 years the exports of Vietnam to South Korea have increased at an annualized rate of 21.6%, from $187M in 1995 to $20.3B in 2019.

In 2019, South Korea exported $47.8B to Vietnam. The main products exported from South Korea to Vietnam were Integrated Circuits ($9.9B), Telephones ($7.02B), and Broadcasting Accessories ($2.33B). During the last 24 years the exports of South Korea to Vietnam have increased at an annualized rate of 16%, from $1.35B in 1995 to $47.8B in 2019.

Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $63.7B

South Korea
Top Destination
: China, $136B

This map shows whether countries import more from Vietnam or South Korea. Each country is colored based on the difference in imports they receive from Vietnam and South Korea or the difference in the growth in imports.

In 2019, countries that imported more from Vietnam than South Korea were Cambodia ($4.37B), Netherlands ($6.86B), and United Arab Emirates ($5.53B).

In 2019, countries that imported more from South Korea than Vietnam were China ($136B), Hong Kong ($31.6B), and Chinese Taipei ($16.2B).

Comparative Advantage Vietnam - South Korea

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Depth

This chart compares trade between Vietnam and South Korea by product, considering products traded by both, Vietnam and South Korea.

During 2019, Vietnam had a large net trade with South Korea in the exports of Machines ($10.3B), Textiles ($4.19B), and Footwear and Headwear ($894M).

During 2019, South Korea had a large net trade with Vietnam in the exports of Machines ($27.9B), Metals ($3.68B), and Plastics and Rubbers ($3.37B).

Tariff Section

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This section shows import tariffs for products traded between Vietnam and South Korea (using the HS6 product classification and the last year reported).

In 2018, the products from Vietnam that paid the highest import tariffs to enter South Korea were Cigars, cheroots and cigarillos, containing tobacco (100%) and Cigarettes containing tobacco (100%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Vietnam were Manioc (cassava), fresh or dried (719%) and Manioc (cassava), fresh or dried (710%).

Explore Tariff Data

*The tariffs present between Vietnam and South Korea are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
249: Preferential tariff for Korea, Republic of
391: Vietnam Preferences for ASEAN for the republic of Korea

Bilateral Service Trade

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In 2005, South Korea exported services to Vietnam worth $385M, with Transportation ($257M), Other business services ($39.4M), and Travel ($38.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Vietnam.