#Welcome to Vietnam

India-Vietnam Trade and Economic Relations

India and Vietnam have a long-standing trade and economic relationship that has steadily expanded over the years. From a modest US$200 million in 2000, bilateral trade grew to US$14.36 billion in 2023, according to Vietnamese figures. Indian data for 2023-2024 shows bilateral trade reached US$14.82 billion, marking a year-on-year increase of 0.76%.
India’s exports to Vietnam totaled US$5.47 billion (a decrease of 7.43%), while imports from Vietnam amounted to US$9.34 billion (an increase of 6.26%). For India, Vietnam is the 21st largest trading partner and the 22nd largest export destination globally. For Vietnam, India ranks as the 7th largest trading partner, the 7th biggest importer of Vietnamese products, and the 11th largest source of imports.
Key Exports from India to Vietnam:

Frozen bovine meat

Cereal

Iron and steel

Animal fodder and materials

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