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Trade between Germany and Vietnam

In 2024, Germany exported $3.8 billion to Vietnam and imported $15.4 billion. Germany ran a deficit of $11.6 billion with Vietnam, compared with a deficit of $5.3 billion in 2019. Vietnam was Germany’s 30th largest trading partner (0.7% of its trade), and Germany was Vietnam’s 9th (2%).

Summary

Germany → Vietnam
$3.8billion
Vietnam → Germany
$15.4billion
Germany’s balance
-$11.6billion

Balance

Germany’s trade balance with Vietnam

Trade between Germany and Vietnam grew 24.5-fold since 1995

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

  • Exports 3.8
  • Imports 15.4
  • Balance -11.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$223 million$564 million-$341 million
1996$328 million$617 million-$289 million
1997$275 million$801 million-$526 million
1998$316 million$886 million-$570 million
1999$245 million$1 billion-$766 million
2000$358 million$1.2 billion-$819 million
2001$480 million$1.2 billion-$681 million
2002$639 million$1.2 billion-$520 million
2003$753 million$1.3 billion-$588 million
2004$1 billion$1.7 billion-$613 million
2005$775 million$1.8 billion-$982 million
2006$998 million$2.2 billion-$1.2 billion
2007$1.9 billion$3 billion-$1.1 billion
2008$1.7 billion$3.5 billion-$1.8 billion
2009$1.8 billion$3 billion-$1.2 billion
2010$2.1 billion$3.9 billion-$1.8 billion
2011$2.4 billion$5.6 billion-$3.2 billion
2012$2.6 billion$6.5 billion-$3.9 billion
2013$2.8 billion$7.1 billion-$4.4 billion
2014$2.7 billion$7.7 billion-$5.1 billion
2015$3 billion$8.8 billion-$5.9 billion
2016$3.1 billion$9.6 billion-$6.4 billion
2017$4.3 billion$10.8 billion-$6.5 billion
2018$5.1 billion$11.1 billion-$5.9 billion
2019$5.1 billion$10.4 billion-$5.3 billion
2020$3.4 billion$11.2 billion-$7.8 billion
2021$4.4 billion$11.9 billion-$7.5 billion
2022$3.7 billion$14.8 billion-$11.1 billion
2023$4 billion$13.7 billion-$9.7 billion
2024$3.8 billion$15.4 billion-$11.6 billion

What they sell each other

What Germany sells to Vietnam

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

  1. Airplanes and helicopters$725 million · 18.9%
    418 tonnes · Germany’s destinations
  2. Hydrogen and rare gases$292 million · 7.6%
    12 thousand tonnes
  3. Medicines in measured doses or retail packs$282 million · 7.3%
    7 thousand tonnes · Germany’s destinations
  4. Other plastic articles$85 million · 2.2%
    2 thousand tonnes
  5. Medical and dental instruments$73 million · 1.9%
    460 tonnes · Germany’s destinations
  6. Other industrial machines$71 million · 1.9%
    2 thousand tonnes
  7. Dishwashers and packing machines$70 million · 1.8%
    4 thousand tonnes
  8. Electric motors and generators$60 million · 1.6%
    1 thousand tonnes
  9. Flow, level and pressure meters$50 million · 1.3%
    205 tonnes
  10. Orthopedic and hearing devices$49 million · 1.3%
    41 tonnes

What Vietnam sells to Germany

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

  1. Cameras and broadcast equipment$2.4 billion · 15.3%
    6 thousand tonnes
  2. Leather footwear$1.1 billion · 7.4%
    30 thousand tonnes
  3. Textile footwear$1.1 billion · 7.2%
    26 thousand tonnes
  4. Computer and office machine parts$703 million · 4.6%
    31 thousand tonnes
  5. Rubber and plastic footwear$642 million · 4.2%
    22 thousand tonnes
  6. Coffee$639 million · 4.1%
    185 thousand tonnes · Vietnam’s destinations
  7. Computers$618 million · 4%
    1 thousand tonnes · Vietnam’s destinations
  8. Bags, suitcases and cases$393 million · 2.6%
    27 thousand tonnes
  9. Radar, GPS receivers and remote controls$306 million · 2%
    918 tonnes
  10. Microphones and speakers$274 million · 1.8%
    8 thousand tonnes

How it travels

Estimated sea route from Hamburg to Phu My.

The estimated sea route between Hamburg and Phu My is 12,926 nautical miles (23,938 km) long: ≈ 30–38.5 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 (12,926 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 (9,483 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$11.6 billion · 60.2%
  2. Air$7.7 billion · 39.8%

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

How much each matters to the other

Vietnam was Germany’s 30th largest trading partner (0.7% of its trade), and Germany was Vietnam’s 9th (2%).

Vietnam in Germany’s trade
0.7%
Vietnam’s rank among Germany’s partners
30th
Germany in Vietnam’s trade
2.2%
Germany’s rank among Vietnam’s partners
9th

Compare with

Other partners of Germany

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.