Viet Nam's high-technology exports (current US$) was US$132.78 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 305.31% from US$32.76 billion in 2013 (15.02% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$132.78 billion | 2023 |
| Five years earlier | US$82.61 billion | 2018 |
| Ten years earlier | US$32.76 billion | 2013 |
| Highest | US$135.91 billion | 2022 |
| Lowest | US$3.02 billion | 2008 |
| Average since 2014 | US$87.7 billion | 2014–2023 |
| First recorded | US$3.02 billion |
What the numbers say
In 2023, Viet Nam's high-technology exports (current US$) fell 2.3% on 2022 (from US$135.91 billion to US$132.78 billion).
Across the 14 yearly changes before that (2009 to 2022), the average change was +33.9% and a typical year strayed about 29.1% from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 92.9% in 2011 and the biggest yearly fall was 2.3% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about US$11.53 billion a year. A straight line explains 98% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$170.52 billion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was US$10.26 billion, against US$28.18 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2023, Viet Nam had the 2nd highest value of the 28 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Viet Nam | US$132.78 billion | 2023 |
| World | US$3.58 trillion | 2023 |
| Upper middle income | US$1.3 trillion | 2023 |
Closest to Viet Nam in the 2023 ranking
- United Arab Emirates — 2nd of 28: US$3.18 billion
- Tunisia — 3rd of 28: US$1.2 billion
- Oman — 4th of 28: US$441.8 million
What this measures
High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.
Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.
Regional and income-group figures are computed by the World Bank as a sum.
All 16 values
| Year | High-technology exports (current US$) |
|---|---|
| 2023 | 132,776,576,635 |
| 2022 | 135,907,434,790 |
| 2021 | 120,466,093,145 |
| 2020 | 101,534,457,843 |
| 2019 | 90,430,194,116 |
| 2018 | 82,611,228,668 |
| 2017 | 74,114,052,667 |
| 2016 | 55,216,909,912 |
| 2015 | 47,524,790,042 |
| 2014 | 36,376,040,130 |
High-technology exports (current US$) in nearby economies
- Australia — US$8.19 billion (2024)
- Brunei Darussalam — US$28.95 million (2024)
- Cambodia — US$1.1 billion (2024)
- China — US$856.77 billion (2024)
- Fiji — US$2.85 million (2024)
- French Polynesia — US$1.33 million (2024)
- Hong Kong SAR, China — US$422.35 billion (2024)
- Indonesia — US$10.41 billion (2024)
- Japan — US$102.45 billion (2024)
- Korea, Rep. — US$216.2 billion (2024)
More infrastructure data for Viet Nam
- Fixed telephone subscriptions — 2.64 million (2024)
- Fixed telephone subscriptions (per 100 people) — 2.62 (2024)
- Mobile cellular subscriptions — 128.87 million (2024)
- Mobile cellular subscriptions (per 100 people) — 127.61 (2024)
- Air transport, registered carrier departures worldwide — 331,806 (2023)
- Air transport, passengers carried — 55.11 million (2023)
- Patent applications, nonresidents — 8,678 (2024)
- Patent applications, residents — 1,226 (2024)
- Medium and high-tech exports (% manufactured exports) — 59.5% (2024)
- Air transport, freight (million ton-km)
Reading data like this
Questions people ask
- What is Viet Nam's high-technology exports (current US$)?
- US$132.78 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2008?
- It is up 4,301% from US$3.02 billion in 2008 (28.7% a year on average, compounded). The highest value was US$135.91 billion in 2022 and the lowest US$3.02 billion in 2008.
Source
World Bank, World Development Indicators, indicator TX.VAL.TECH.CD, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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