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2022
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Exports $1.51BRnk 56 / 221
2022
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Top Product $143MTanned Equine and Bovine Hides
2022
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Exports $5.02BRnk 18 / 152
2022
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Top Product $789MBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Italy-Vietnam In 2022, Italy exported $1.51B to Vietnam. The main products that Italy exported to Vietnam are Tanned Equine and Bovine Hides ($143M), Packaged Medicaments ($56.5M), and Washing and Bottling Machines ($41.6M). During the last 27 years the exports of Italy to Vietnam have increased at an annualized rate of 10.4%, from $103M in 1995 to $1.51B in 2022.

In 2022, Italy did not export any services to Vietnam.

Vietnam-Italy In 2022, Vietnam exported $5.02B to Italy. The main products that Vietnam exported to Italy were Broadcasting Equipment ($789M), Coffee ($347M), and Hot-Rolled Iron ($288M). During the last 27 years the exports of Vietnam to Italy have increased at an annualized rate of 13.8%, from $154M in 1995 to $5.02B in 2022.

In 2022, Vietnam did not export any services to Italy.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

January, 2024

About

Overview In January 2024, Italy exported €139M and imported €351M from Vietnam, resulting in a negative trade balance of €212M. Between January 2023 and January 2024 the exports of Italy have increased by €112M (419%) from €26.8M to €139M, while imports decreased by €-31.7M (-8.3%) from €383M to €351M.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€112M(419%)
IMPORT GROWTH (January 2023 - January 2024)€-31.7M(-8.3%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Vietnam and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.51B to Vietnam. The main products exported from Italy to Vietnam were Tanned Equine and Bovine Hides ($143M), Packaged Medicaments ($56.5M), and Washing and Bottling Machines ($41.6M). During the last 27 years the exports of Italy to Vietnam have increased at an annualized rate of 10.4%, from $103M in 1995 to $1.51B in 2022.

In 2022, Vietnam exported $5.02B to Italy. The main products exported from Vietnam to Italy were Broadcasting Equipment ($789M), Coffee ($347M), and Hot-Rolled Iron ($288M). During the last 26 years the exports of Vietnam to Italy have increased at an annualized rate of 13.8%, from $154M in 1996 to $5.02B in 2022.

Exports from Italy (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Vietnam
Top DestinationUnited States$117B

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

In 2021, countries that imported more from Italy than Vietnam were Germany ($78.5B), France ($63.8B), and Spain ($32.8B).

In 2021, countries that imported more from Vietnam than Italy were United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Vietnam

Flow
Scale

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

During 2022, Italy had a large net trade with Vietnam in the exports of Machines ($485M), Chemical Products ($185M), and Animal Hides ($178M).

During 2022, Vietnam had a large net trade with Italy in the exports of Machines ($1.43B), Metals ($946M), and Vegetable Products ($509M).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Vietnam (Flag) (2022)

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