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Trade between Canada and Vietnam

In 2024, Canada exported $712 million to Vietnam and imported $10.4 billion. Canada ran a deficit of $9.6 billion with Vietnam, compared with a deficit of $4.5 billion in 2019. Vietnam was Canada’s 9th largest trading partner (1% of its trade), and Canada was Vietnam’s 16th (1%).

Summary

Canada → Vietnam
$712million
Vietnam → Canada
$10.4billion
Canada’s balance
-$9.6billion

Balance

Canada’s trade balance with Vietnam

Trade between Canada and Vietnam grew 136.9-fold since 1995

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

  • Exports 0.7
  • Imports 10.4
  • Balance -9.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$25 million$55 million-$30 million
1996$37 million$72 million-$35 million
1997$37 million$108 million-$71 million
1998$36 million$122 million-$86 million
1999$32 million$131 million-$99 million
2000$51 million$156 million-$105 million
2001$66 million$166 million-$100 million
2002$72 million$193 million-$121 million
2003$84 million$259 million-$175 million
2004$113 million$361 million-$248 million
2005$192 million$470 million-$278 million
2006$217 million$589 million-$372 million
2007$332 million$731 million-$399 million
2008$367 million$910 million-$543 million
2009$293 million$930 million-$637 million
2010$401 million$1.1 billion-$737 million
2011$402 million$1.3 billion-$940 million
2012$462 million$1.6 billion-$1.2 billion
2013$467 million$2.1 billion-$1.6 billion
2014$498 million$2.6 billion-$2.1 billion
2015$551 million$3.1 billion-$2.5 billion
2016$458 million$3.6 billion-$3.1 billion
2017$871 million$3.9 billion-$3 billion
2018$865 million$4.1 billion-$3.3 billion
2019$814 million$5.3 billion-$4.5 billion
2020$668 million$6 billion-$5.3 billion
2021$687 million$7.7 billion-$7 billion
2022$730 million$9.7 billion-$8.9 billion
2023$609 million$9.6 billion-$9 billion
2024$712 million$10.4 billion-$9.6 billion

What they sell each other

What Canada sells to Vietnam

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

  1. Wheat$117 million · 16.5%
    445 thousand tonnes · Canada’s destinations
  2. Soybeans$61 million · 8.6%
    111 thousand tonnes · Canada’s destinations
  3. Frozen beef$58 million · 8.1%
    8 thousand tonnes
  4. Coal$47 million · 6.6%
    297 thousand tonnes · Canada’s destinations
  5. Potash fertilizers$39 million · 5.5%
    161 thousand tonnes
  6. 3 thousand tonnes
  7. Ferrous scrap$31 million · 4.3%
    100 thousand tonnes · Canada’s destinations
  8. Edible offal$28 million · 3.9%
    5 thousand tonnes
  9. Polyethylene$23 million · 3.3%
    24 thousand tonnes · Canada’s destinations
  10. Meat and fish meal$23 million · 3.3%
    56 thousand tonnes

What Vietnam sells to Canada

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

  1. Cameras and broadcast equipment$1.6 billion · 15.4%
    3 thousand tonnes
  2. Computers$1.1 billion · 10.4%
    4 thousand tonnes · Vietnam’s destinations
  3. Microphones and speakers$436 million · 4.2%
    5 thousand tonnes
  4. Furniture$341 million · 3.3%
    91 thousand tonnes · Vietnam’s destinations
  5. Textile footwear$323 million · 3.1%
    7 thousand tonnes
  6. Leather footwear$268 million · 2.6%
    6 thousand tonnes
  7. Cables and wire$263 million · 2.5%
    9 thousand tonnes · Vietnam’s destinations
  8. Vacuum cleaners$241 million · 2.3%
    10 thousand tonnes
  9. Women's suits and dresses$218 million · 2.1%
    7 thousand tonnes
  10. 5 thousand tonnes

How it travels

Estimated sea route from Vancouver to Phu My.

The estimated sea route between Vancouver and Phu My is 6,728 nautical miles (12,460 km) long: ≈ 15.5–20 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

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$6.6 billion · 59.7%
  2. Air$4.5 billion · 40.3%

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

How much each matters to the other

Vietnam was Canada’s 9th largest trading partner (1% of its trade), and Canada was Vietnam’s 16th (1%).

Vietnam in Canada’s trade
1%
Vietnam’s rank among Canada’s partners
9th
Canada in Vietnam’s trade
1.3%
Canada’s rank among Vietnam’s partners
16th

Compare with

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.