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Trade between Spain and Vietnam

In 2024, Spain exported $545 million to Vietnam and imported $5.4 billion. Spain ran a deficit of $4.9 billion with Vietnam, compared with a deficit of $2.7 billion in 2019. Vietnam was Spain’s 28th largest trading partner (0.7% of its trade), and Spain was Vietnam’s 24th (0.7%).

Summary

Spain → Vietnam
$545million
Vietnam → Spain
$5.4billion
Spain’s balance
-$4.9billion

Balance

Spain’s trade balance with Vietnam

Trade between Spain and Vietnam grew 66.9-fold since 1995

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

  • Exports 0.5
  • Imports 5.4
  • Balance -4.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$13 million$76 million-$63 million
1996$17 million$103 million-$86 million
1997$40 million$188 million-$148 million
1998$27 million$231 million-$204 million
1999$34 million$265 million-$232 million
2000$81 million$285 million-$204 million
2001$64 million$302 million-$237 million
2002$95 million$333 million-$238 million
2003$115 million$413 million-$298 million
2004$124 million$574 million-$449 million
2005$105 million$696 million-$592 million
2006$125 million$884 million-$759 million
2007$183 million$1.2 billion-$968 million
2008$240 million$1.6 billion-$1.4 billion
2009$218 million$1.3 billion-$1.1 billion
2010$278 million$1.4 billion-$1.2 billion
2011$366 million$2 billion-$1.7 billion
2012$348 million$2.3 billion-$1.9 billion
2013$417 million$2.6 billion-$2.1 billion
2014$477 million$2.9 billion-$2.4 billion
2015$528 million$2.6 billion-$2.1 billion
2016$525 million$2.6 billion-$2.1 billion
2017$596 million$3.2 billion-$2.6 billion
2018$558 million$3.2 billion-$2.6 billion
2019$579 million$3.3 billion-$2.7 billion
2020$598 million$2.8 billion-$2.2 billion
2021$577 million$3.3 billion-$2.7 billion
2022$604 million$4.2 billion-$3.6 billion
2023$618 million$4.7 billion-$4.1 billion
2024$545 million$5.4 billion-$4.9 billion

What they sell each other

What Spain sells to Vietnam

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

  1. Medicines in measured doses or retail packs$34 million · 6.3%
    574 tonnes · Spain’s destinations
  2. Polyethylene$24 million · 4.5%
    8 thousand tonnes · Spain’s destinations
  3. Waste paper$20 million · 3.7%
    137 thousand tonnes
  4. Enamels and glazes for ceramics and glass$20 million · 3.7%
    3 thousand tonnes
  5. Makeup and skin care$19 million · 3.5%
    284 tonnes · Spain’s destinations
  6. Meat and fish meal$18 million · 3.3%
    34 thousand tonnes
  7. Women's suits and dresses$15 million · 2.7%
    348 tonnes
  8. Vaccines, blood and antisera$14 million · 2.6%
    137 tonnes · Spain’s destinations
  9. Antibiotics$12 million · 2.2%
    203 tonnes
  10. Other food preparations$11 million · 2.1%
    1 thousand tonnes

What Vietnam sells to Spain

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

  1. Cameras and broadcast equipment$695 million · 12.9%
    1 thousand tonnes
  2. Textile footwear$539 million · 10%
    16 thousand tonnes
  3. Coffee$440 million · 8.1%
    111 thousand tonnes · Vietnam’s destinations
  4. Coated flat steel$332 million · 6.1%
    401 thousand tonnes
  5. Leather footwear$317 million · 5.9%
    9 thousand tonnes
  6. Rubber and plastic footwear$277 million · 5.1%
    13 thousand tonnes
  7. Computers$139 million · 2.6%
    323 tonnes · Vietnam’s destinations
  8. Women's suits and dresses$139 million · 2.6%
    3 thousand tonnes
  9. Computer and office machine parts$105 million · 2%
    6 thousand tonnes
  10. Bags, suitcases and cases$104 million · 1.9%
    12 thousand tonnes

How it travels

Estimated sea route from Valencia to Phu My.

The estimated sea route between Valencia and Phu My is 11,945 nautical miles (22,122 km) long: ≈ 27.5–35.5 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 (11,945 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (7,541 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$4.4 billion · 74.7%
  2. Air$1.5 billion · 25.3%

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

How much each matters to the other

Vietnam was Spain’s 28th largest trading partner (0.7% of its trade), and Spain was Vietnam’s 24th (0.7%).

Vietnam in Spain’s trade
0.7%
Vietnam’s rank among Spain’s partners
28th
Spain in Vietnam’s trade
0.7%
Spain’s rank among Vietnam’s partners
24th

Compare with

Other partners of Spain

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.