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Trade between Taiwan and Vietnam

In 2024, Taiwan exported $14.2 billion to Vietnam and imported $7.9 billion. Taiwan ran a surplus of $6.3 billion with Vietnam, compared with a surplus of $9.7 billion in 2019. Vietnam was Taiwan’s 11th largest trading partner (2% of its trade), and Taiwan was Vietnam’s 7th (3%).

Summary

Taiwan → Vietnam
$14.2billion
Vietnam → Taiwan
$7.9billion
Taiwan’s balance
$6.3billion

Balance

Taiwan’s trade balance with Vietnam

Trade between Taiwan and Vietnam grew 13.1-fold since 1997

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

  • Exports 14.2
  • Imports 7.9
  • Balance +6.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$0$0$0
1997$1.3 billion$387 million$907 million
1998$1.2 billion$341 million$899 million
1999$1.3 billion$386 million$939 million
2000$2.2 billion$582 million$1.6 billion
2001$2.2 billion$599 million$1.6 billion
2002$2.8 billion$596 million$2.3 billion
2003$3.3 billion$580 million$2.7 billion
2004$4 billion$719 million$3.3 billion
2005$4.7 billion$820 million$3.9 billion
2006$5.3 billion$1 billion$4.3 billion
2007$7.4 billion$1.2 billion$6.2 billion
2008$8.9 billion$1.4 billion$7.5 billion
2009$6.7 billion$1 billion$5.7 billion
2010$7.7 billion$1.4 billion$6.3 billion
2011$9.2 billion$2 billion$7.2 billion
2012$8.4 billion$2.4 billion$6 billion
2013$9.6 billion$2.6 billion$7 billion
2014$11.2 billion$2.6 billion$8.6 billion
2015$10.9 billion$2.3 billion$8.6 billion
2016$11.7 billion$2.8 billion$8.9 billion
2017$13.6 billion$3.4 billion$10.2 billion
2018$13.3 billion$3.8 billion$9.6 billion
2019$15 billion$5.3 billion$9.7 billion
2020$16.1 billion$5.5 billion$10.6 billion
2021$19.3 billion$6 billion$13.3 billion
2022$21.3 billion$6.8 billion$14.5 billion
2023$17.4 billion$5.7 billion$11.7 billion
2024$14.2 billion$7.9 billion$6.3 billion

What they sell each other

What Taiwan sells to Vietnam

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

  1. Microchips$4.3 billion · 30.6%
    582 tonnes · Taiwan’s destinations
  2. Other knitted fabric$732 million · 5.2%
    62 thousand tonnes
  3. Mounted lenses and objectives$474 million · 3.3%
    111 tonnes
  4. Synthetic filament fabric$417 million · 2.9%
    25 thousand tonnes
  5. Printed circuit boards$391 million · 2.8%
    1 thousand tonnes
  6. Hot-rolled flat steel$320 million · 2.3%
    512 thousand tonnes
  7. Computer and office machine parts$232 million · 1.6%
    1 thousand tonnes
  8. Cameras and broadcast equipment$230 million · 1.6%
    3 thousand tonnes
  9. PVC and other vinyl polymers$227 million · 1.6%
    299 thousand tonnes
  10. Polystyrene$216 million · 1.5%
    152 thousand tonnes

What Vietnam sells to Taiwan

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

  1. Microchips$965 million · 12.2%
    246 tonnes · Vietnam’s destinations
  2. Computer and office machine parts$821 million · 10.4%
    5 thousand tonnes
  3. Cameras and broadcast equipment$789 million · 10%
    1 thousand tonnes
  4. Computers$322 million · 4.1%
    227 tonnes · Vietnam’s destinations
  5. Discs and storage media$257 million · 3.3%
    1 thousand tonnes
  6. Phones and telecom equipment$176 million · 2.2%
    494 tonnes
  7. Steel structures$156 million · 2%
    54 thousand tonnes
  8. Textile footwear$150 million · 1.9%
    4 thousand tonnes
  9. Diodes, transistors and solar cells$131 million · 1.7%
    30 thousand tonnes
  10. Leather footwear$114 million · 1.4%
    3 thousand tonnes

How it travels

Estimated sea route from Kaohsiung to Phu My.

The estimated sea route between Kaohsiung and Phu My is 1,105 nautical miles (2,047 km) long: ≈ 2.5–3.5 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$11.2 billion · 50.6%
  2. Air$10.9 billion · 49.4%

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

How much each matters to the other

Vietnam was Taiwan’s 11th largest trading partner (2% of its trade), and Taiwan was Vietnam’s 7th (3%).

Vietnam in Taiwan’s trade
2.4%
Vietnam’s rank among Taiwan’s partners
11th
Taiwan in Vietnam’s trade
2.5%
Taiwan’s rank among Vietnam’s partners
7th

Compare with

Other partners of Taiwan

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.