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Trade between Saudi Arabia and Vietnam

In 2024, Saudi Arabia exported $644 million to Vietnam and imported $3.1 billion. Saudi Arabia ran a deficit of $2.4 billion with Vietnam, compared with a deficit of $140 million in 2019. Vietnam was Saudi Arabia’s 26th largest trading partner (0.7% of its trade), and Saudi Arabia was Vietnam’s 28th (0.4%).

Summary

Saudi Arabia → Vietnam
$644million
Vietnam → Saudi Arabia
$3.1billion
Saudi Arabia’s balance
-$2.4billion

Balance

Saudi Arabia’s trade balance with Vietnam

Trade between Saudi Arabia and Vietnam grew 82.3-fold since 1995

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

  • Exports 0.6
  • Imports 3.1
  • Balance -2.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$32 million$13 million$19 million
1996$21 million$10 million$10 million
1997$0$0$0
1998$19 million$13 million$6 million
1999$0$10 million-$10 million
2000$14 million$22 million-$8 million
2001$23 million$22 million$589 thousand
2002$29 million$23 million$6 million
2003$37 million$24 million$13 million
2004$66 million$32 million$34 million
2005$91 million$49 million$42 million
2006$109 million$72 million$37 million
2007$137 million$107 million$29 million
2008$177 million$204 million-$27 million
2009$360 million$157 million$203 million
2010$605 million$229 million$375 million
2011$800 million$438 million$362 million
2012$887 million$1.3 billion-$420 million
2013$1.2 billion$1.9 billion-$641 million
2014$1.3 billion$2.2 billion-$885 million
2015$1.1 billion$2.3 billion-$1.2 billion
2016$1.2 billion$1.5 billion-$318 million
2017$1.3 billion$1.5 billion-$131 million
2018$1.5 billion$1.4 billion$154 million
2019$1.2 billion$1.3 billion-$140 million
2020$1.1 billion$1.2 billion-$16 million
2021$1.6 billion$1.2 billion$476 million
2022$1.9 billion$1.6 billion$275 million
2023$1.6 billion$2.5 billion-$887 million
2024$644 million$3.1 billion-$2.4 billion

What they sell each other

What Saudi Arabia sells to Vietnam

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

  1. Polyethylene$423 million · 65.6%
    424 thousand tonnes · Saudi Arabia’s destinations
  2. Alcohols$106 million · 16.5%
    206 thousand tonnes
  3. Polypropylene$31 million · 4.9%
    31 thousand tonnes · Saudi Arabia’s destinations
  4. Unwrought aluminum$24 million · 3.7%
    11 thousand tonnes · Vietnam’s sources
  5. Pet and animal feed$9 million · 1.3%
    12 thousand tonnes
  6. Synthetic rubber$6 million · 0.92%
    4 thousand tonnes
  7. 3 thousand tonnes
  8. Mixed fertilizers$6 million · 0.87%
    9 thousand tonnes
  9. Meat and fish meal$5 million · 0.76%
    7 thousand tonnes
  10. 4 thousand tonnes

What Vietnam sells to Saudi Arabia

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

  1. Cameras and broadcast equipment$1.4 billion · 45.4%
    3 thousand tonnes
  2. Computers$119 million · 3.9%
    291 tonnes · Vietnam’s destinations
  3. Textile footwear$100 million · 3.2%
    2 thousand tonnes
  4. Other electrical devices$99 million · 3.2%
    9 thousand tonnes
  5. 4 thousand tonnes
  6. Microphones and speakers$86 million · 2.8%
    589 tonnes
  7. 15 thousand tonnes
  8. Seats and chairs$64 million · 2.1%
    14 thousand tonnes
  9. Warships and other vessels$43 million · 1.4%
    447 tonnes
  10. Fish fillets$43 million · 1.4%
    25 thousand tonnes

How it travels

Estimated sea route from Jeddah to Phu My.

The estimated sea route between Jeddah and Phu My is 5,126 nautical miles (9,493 km) long: ≈ 12–15.5 days at sea (at 18 and 14 knots).

Passages it crosses: Bab-el-Mandeb Strait; and Strait of Malacca and Singapore.

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$1.9 billion · 49.9%
  2. Air$1.9 billion · 50.1%

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

How much each matters to the other

Vietnam was Saudi Arabia’s 26th largest trading partner (0.7% of its trade), and Saudi Arabia was Vietnam’s 28th (0.4%).

Vietnam in Saudi Arabia’s trade
0.7%
Vietnam’s rank among Saudi Arabia’s partners
26th
Saudi Arabia in Vietnam’s trade
0.4%
Saudi Arabia’s rank among Vietnam’s partners
28th

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.