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Trade between the United Kingdom and Vietnam

In 2024, the United Kingdom exported $1 billion to Vietnam and imported $10.8 billion. The United Kingdom ran a deficit of $9.8 billion with Vietnam, compared with a deficit of $5.2 billion in 2019. Vietnam was the United Kingdom’s 25th largest trading partner (1% of its trade), and the United Kingdom was Vietnam’s 15th (1%).

Summary

United Kingdom → Vietnam
$1billion
Vietnam → United Kingdom
$10.8billion
The United Kingdom’s balance
-$9.8billion

Balance

The United Kingdom’s trade balance with Vietnam

Trade between the United Kingdom and Vietnam grew 47.9-fold since 1995

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

  • Exports 1
  • Imports 10.8
  • Balance -9.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$80 million$167 million-$87 million
1996$70 million$246 million-$177 million
1997$143 million$316 million-$173 million
1998$110 million$397 million-$288 million
1999$126 million$494 million-$368 million
2000$209 million$777 million-$567 million
2001$203 million$898 million-$695 million
2002$196 million$974 million-$778 million
2003$252 million$1.2 billion-$997 million
2004$255 million$1.6 billion-$1.4 billion
2005$213 million$1.6 billion-$1.4 billion
2006$228 million$1.7 billion-$1.5 billion
2007$357 million$2 billion-$1.6 billion
2008$503 million$2.2 billion-$1.7 billion
2009$463 million$1.9 billion-$1.4 billion
2010$595 million$2.2 billion-$1.6 billion
2011$735 million$3.1 billion-$2.4 billion
2012$569 million$3.9 billion-$3.3 billion
2013$619 million$4.6 billion-$4 billion
2014$738 million$4.1 billion-$3.3 billion
2015$757 million$4.9 billion-$4.1 billion
2016$793 million$5.1 billion-$4.3 billion
2017$795 million$5.5 billion-$4.8 billion
2018$985 million$6 billion-$5 billion
2019$878 million$6.1 billion-$5.2 billion
2020$754 million$5.1 billion-$4.3 billion
2021$855 million$6.2 billion-$5.4 billion
2022$883 million$8.9 billion-$8 billion
2023$878 million$9 billion-$8.2 billion
2024$1 billion$10.8 billion-$9.8 billion

What they sell each other

What the United Kingdom sells to Vietnam

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

  1. Medicines in measured doses or retail packs$172 million · 16.6%
    1 thousand tonnes · the United Kingdom’s destinations
  2. Waste paper$129 million · 12.5%
    549 thousand tonnes
  3. Turbojets and gas turbines$72 million · 7%
    39 tonnes · the United Kingdom’s destinations
  4. Other plastic sheets$44 million · 4.3%
    2 thousand tonnes
  5. Spirits$31 million · 3%
    2 thousand tonnes
  6. Women's knitted suits and dresses$21 million · 2.1%
    127 tonnes
  7. Cars$21 million · 2%
    375 tonnes · the United Kingdom’s destinations
  8. Frozen fish$21 million · 2%
    8 thousand tonnes
  9. Bags, suitcases and cases$17 million · 1.7%
    41 tonnes
  10. Flexible metal tubing$16 million · 1.6%
    1 thousand tonnes

What Vietnam sells to the United Kingdom

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

  1. Cameras and broadcast equipment$2.4 billion · 22.6%
    8 thousand tonnes
  2. Computers$862 million · 8%
    2 thousand tonnes · Vietnam’s destinations
  3. Textile footwear$684 million · 6.3%
    20 thousand tonnes
  4. Leather footwear$457 million · 4.2%
    17 thousand tonnes
  5. Microphones and speakers$303 million · 2.8%
    2 thousand tonnes
  6. Computer and office machine parts$288 million · 2.7%
    9 thousand tonnes
  7. Furniture$245 million · 2.3%
    51 thousand tonnes · Vietnam’s destinations
  8. Rubber and plastic footwear$239 million · 2.2%
    10 thousand tonnes
  9. Parts for broadcast equipment$183 million · 1.7%
    271 tonnes
  10. Batteries$175 million · 1.6%
    16 thousand tonnes · Vietnam’s destinations

How it travels

Estimated sea route from Felixstowe to Phu My.

The estimated sea route between Felixstowe and Phu My is 12,568 nautical miles (23,276 km) long: ≈ 29–37.5 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 (12,568 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 (9,119 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$5.8 billion · 49.3%
  2. Air$6 billion · 50.7%

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

How much each matters to the other

Vietnam was the United Kingdom’s 25th largest trading partner (1% of its trade), and the United Kingdom was Vietnam’s 15th (1%).

Vietnam in the United Kingdom’s trade
1.1%
Vietnam’s rank among the United Kingdom’s partners
25th
The United Kingdom in Vietnam’s trade
1.3%
The United Kingdom’s rank among Vietnam’s partners
15th

Compare with

Other partners of the United Kingdom

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.