Summary
- Italy → Vietnam
- $1.6billion
- Vietnam → Italy
- $4.8billion
- Italy’s balance
- -$3.2billion
Balance
Italy’s trade balance with Vietnam
Trade between Italy and Vietnam grew 62.1-fold since 1995
USD billions (current). Italy’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.6
- Imports 4.8
- Balance -3.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $103 million | $0 | $103 million |
| 1996 | $157 million | $155 million | $1 million |
| 1997 | $119 million | $237 million | -$118 million |
| 1998 | $110 million | $275 million | -$165 million |
| 1999 | $112 million | $274 million | -$162 million |
| 2000 | $220 million | $355 million | -$135 million |
| 2001 | $286 million | $377 million | -$91 million |
| 2002 | $371 million | $430 million | -$59 million |
| 2003 | $511 million | $489 million | $22 million |
| 2004 | $420 million | $563 million | -$143 million |
| 2005 | $327 million | $625 million | -$299 million |
| 2006 | $445 million | $803 million | -$359 million |
| 2007 | $880 million | $972 million | -$93 million |
| 2008 | $764 million | $1.2 billion | -$480 million |
| 2009 | $804 million | $1 billion | -$210 million |
| 2010 | $921 million | $1.2 billion | -$301 million |
| 2011 | $965 million | $1.8 billion | -$853 million |
| 2012 | $884 million | $2.3 billion | -$1.4 billion |
| 2013 | $969 million | $2.7 billion | -$1.8 billion |
| 2014 | $1.3 billion | $2.8 billion | -$1.6 billion |
| 2015 | $1.5 billion | $3 billion | -$1.5 billion |
| 2016 | $1.4 billion | $3.3 billion | -$1.9 billion |
| 2017 | $1.6 billion | $3 billion | -$1.4 billion |
| 2018 | $1.7 billion | $3 billion | -$1.3 billion |
| 2019 | $1.8 billion | $3.5 billion | -$1.7 billion |
| 2020 | $1.4 billion | $3.3 billion | -$1.8 billion |
| 2021 | $1.6 billion | $4.1 billion | -$2.5 billion |
| 2022 | $1.6 billion | $5.1 billion | -$3.5 billion |
| 2023 | $1.5 billion | $4.7 billion | -$3.3 billion |
| 2024 | $1.6 billion | $4.8 billion | -$3.2 billion |
What they sell each other
What Italy sells to Vietnam
The top 10 headings in 2024, with their share of the total.
What Vietnam sells to Italy
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Genoa and Phu My is 12,428 nautical miles (23,017 km) long: ≈ 29–37 days at sea (at 18 and 14 knots).
Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (12,428 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (7,249 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
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Vietnam was Italy’s 41st largest trading partner (0.5% of its trade), and Italy was Vietnam’s 22nd (0.7%).
- Vietnam in Italy’s trade
- 0.5%
- Vietnam’s rank among Italy’s partners
- 41st
- Italy in Vietnam’s trade
- 0.7%
- Italy’s rank among Vietnam’s partners
- 22nd
Compare with
Other partners of Italy
Other partners of Vietnam
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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.