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Trade between Belgium and Vietnam

In 2024, Belgium exported $716 million to Vietnam and imported $935 million. Belgium ran a deficit of $219 million with Vietnam, compared with a deficit of $351 million in 2019. Vietnam was Belgium’s 46th largest trading partner (0.2% of its trade), and Belgium was Vietnam’s 34th (0.2%).

Summary

Belgium → Vietnam
$716million
Vietnam → Belgium
$935million
Belgium’s balance
-$219million

Balance

Belgium’s trade balance with Vietnam

Trade between Belgium and Vietnam grew 11.9-fold since 1995

USD billions (current). Belgium’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.7
  • Imports 0.9
  • Balance -0.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$54 million$85 million-$31 million
1996$84 million$109 million-$26 million
1997$54 million$245 million-$190 million
1998$48 million$300 million-$252 million
1999$58 million$391 million-$332 million
2000$108 million$418 million-$310 million
2001$110 million$552 million-$442 million
2002$122 million$513 million-$391 million
2003$195 million$629 million-$435 million
2004$168 million$779 million-$611 million
2005$198 million$815 million-$616 million
2006$257 million$971 million-$714 million
2007$364 million$1.1 billion-$727 million
2008$395 million$1.4 billion-$996 million
2009$325 million$1.1 billion-$728 million
2010$355 million$450 million-$95 million
2011$375 million$550 million-$176 million
2012$368 million$459 million-$91 million
2013$484 million$589 million-$105 million
2014$504 million$663 million-$159 million
2015$504 million$686 million-$181 million
2016$504 million$664 million-$160 million
2017$535 million$785 million-$250 million
2018$605 million$914 million-$308 million
2019$612 million$963 million-$351 million
2020$536 million$788 million-$253 million
2021$766 million$984 million-$218 million
2022$1.1 billion$1.3 billion-$111 million
2023$688 million$1.1 billion-$379 million
2024$716 million$935 million-$219 million

What they sell each other

What Belgium sells to Vietnam

The top 10 headings in 2024, with their share of the total.

  1. Vaccines, blood and antisera$191 million · 26.6%
    219 tonnes · Belgium’s destinations
  2. Medicines in measured doses or retail packs$104 million · 14.6%
    2 thousand tonnes · Belgium’s destinations
  3. Logs$40 million · 5.6%
    135 thousand tonnes
  4. Diamonds$37 million · 5.2%
    Belgium’s destinations
  5. Orthopedic and hearing devices$24 million · 3.4%
    44 tonnes
  6. Organic fertilizers$18 million · 2.5%
    74 thousand tonnes
  7. Malt$14 million · 2%
    24 thousand tonnes
  8. Mixed fertilizers$13 million · 1.8%
    28 thousand tonnes
  9. Generating sets$13 million · 1.8%
    498 tonnes
  10. Microchips$13 million · 1.8%
    4 tonnes · Belgium’s destinations

What Vietnam sells to Belgium

The top 10 headings in 2024, with their share of the total.

  1. Medical and dental instruments$142 million · 15.2%
    1 thousand tonnes · Vietnam’s destinations
  2. Coated flat steel$91 million · 9.7%
    110 thousand tonnes
  3. Coffee$59 million · 6.3%
    15 thousand tonnes · Vietnam’s destinations
  4. Semi-finished steel$59 million · 6.3%
    89 thousand tonnes
  5. Textile footwear$56 million · 6%
    2 thousand tonnes
  6. Microphones and speakers$31 million · 3.4%
    3 thousand tonnes
  7. Crustaceans (shrimp, lobster, crab)$27 million · 2.9%
    3 thousand tonnes
  8. Cold-rolled flat steel$25 million · 2.7%
    33 thousand tonnes
  9. Polyethers, polyesters and epoxy resins$19 million · 2%
    14 thousand tonnes
  10. Plastic floor and wall coverings$17 million · 1.8%
    16 thousand tonnes

How it travels

Estimated sea route from Antwerp to Phu My.

The estimated sea route between Antwerp and Phu My is 12,641 nautical miles (23,412 km) long: ≈ 29.5–37.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (12,641 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (9,186 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1 billion · 61.3%
  2. Air$639 million · 38.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Vietnam was Belgium’s 46th largest trading partner (0.2% of its trade), and Belgium was Vietnam’s 34th (0.2%).

Vietnam in Belgium’s trade
0.2%
Vietnam’s rank among Belgium’s partners
46th
Belgium in Vietnam’s trade
0.2%
Belgium’s rank among Vietnam’s partners
34th

Compare with

Other partners of Belgium

Other partners of Vietnam

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.