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South-East Asia

Export to Vietnam

Fast-growing manufacturing economy buying raw materials, yarn, steel, chemicals and feed ingredients from India.

Capital
Hanoi
Currency
VND
Trade agreement with India
ASEAN–India Trade in Goods Agreement (AITIGA)
2010
Main ports
Ho Chi Minh City (Cat Lai), Cai Mep–Thi Vai, Hai Phong

Vietnam's factories make garments, footwear, electronics and furniture for the world, so it buys inputs: cotton and yarn, steel, chemicals, machinery parts, animal feed ingredients and seafood for processing. It is a business-to-business market more than a consumer market for Indian goods.

ASEAN–India Trade in Goods Agreement (AITIGA)

Vietnam gives reduced duties to Indian goods under AITIGA when you supply an AITIGA (Form AI) certificate of origin. The agreement is under review by India and ASEAN; confirm current status on commerce.gov.in.

What it buys from India

  • Iron and steel, machinery and electrical parts
  • Cotton, yarn and fabric
  • Marine products, meat and animal feed ingredients
  • Chemicals, plastics and medicines

Import rules on their side

  • Fresh fruit and vegetables can enter only after Vietnam completes a pest risk analysis for that product from India; check with the Plant Protection Department.
  • Imported food needs a product self-declaration or registration by the importer, and labels or sub-labels in Vietnamese.
  • Medicines must be registered with Vietnam's Drug Administration before sale.

Practical tips

  • Use an LC for new buyers; check the buyer's business registration and ask for references.
  • English is not widely used in smaller firms — a local agent or interpreter helps.
  • The Indian Embassy in Hanoi and Consulate in Ho Chi Minh City run buyer-seller meets; ask your export promotion council.
Sources (5)
  1. PIB backgrounder — India's Trade Partnerships (27 Feb 2026)
  2. Department of Commerce — Annual Report 2024-25 (trade agreements chapter)
  3. Plant Protection Department, Vietnam
  4. WTO — Regional Trade Agreements database
  5. Department of Commerce — TradeStat export-import data bank

Trade data

India’s exports to Vietnam in numbers

From the Department of Commerce’s TradeStat (Indian financial years, April–March), the country’s imports from the world from UN Comtrade, and its basics from the World Bank.

India’s exports here, 2025-26
US$ 6.67 bn
No. 17 of our 30 countries
Change from 2024-25
↑ +22.8%
US$ 5.43 bn → US$ 6.67 bn
Share of all Indian exports
1.51%
Its imports from the world
US$ 358.8 bn
2022 · India’s share 1.99%
2020-21: US$ 5 bn5.0k2020-212021-22: US$ 6.7 bn6.7k2021-222022-23: US$ 5.91 bn5.9k2022-23n/a2023-242024-25: US$ 5.43 bn5.4k2024-252025-26: US$ 6.67 bn6.7k2025-26
India’s exports to Vietnam, year by year · US$ million · TradeStat’s 2023-24 country table is double-counted, so it is not shown

What India sells here most

By HS chapter, 2025-26. Change is against 2024-25.

Name2025-26Change
1MeatHS 02US$ 934 mn+26%
2AluminiumHS 76US$ 525 mn+75.5%
3Fish and seafoodHS 03US$ 522 mn+52.6%
4Iron and steelHS 72US$ 497 mn+358.3%
5MachineryHS 84US$ 326 mn-0.1%
6Electrical and electronicsHS 85US$ 299 mn+1.7%
7Cereals (rice, wheat, maize)HS 10US$ 279 mn+25.6%
8Animal feed and food residuesHS 23US$ 261 mn+52.3%
9Vehicles and partsHS 87US$ 246 mn-20.2%
10CottonHS 52US$ 239 mn-25.4%
11Stone, plaster, cement articlesHS 68US$ 185 mn+14.8%
12Medicines and pharmaHS 30US$ 176 mn-0.1%

What is rising and what is falling

Chapters where India sells at least US$ 5 million. Change from 2024-25 to 2025-26.

High demand

  1. Iron and steelUS$ 108 mn → US$ 497 mn+358.3%
  2. Fuels and petroleum productsUS$ 24.5 mn → US$ 59.5 mn+142.8%
  3. VegetablesUS$ 18.2 mn → US$ 40.2 mn+120.8%
  4. Fruit and nutsUS$ 59.1 mn → US$ 126 mn+114%
  5. AluminiumUS$ 299 mn → US$ 525 mn+75.5%
  6. Feathers, artificial flowers, wigsUS$ 48.5 mn → US$ 74.3 mn+53.3%
  7. Fish and seafoodUS$ 342 mn → US$ 522 mn+52.6%
  8. Animal feed and food residuesUS$ 172 mn → US$ 261 mn+52.3%

Low demand

  1. PlasticsUS$ 181 mn → US$ 102 mn-43.7%
  2. CottonUS$ 321 mn → US$ 239 mn-25.4%
  3. Vehicles and partsUS$ 308 mn → US$ 246 mn-20.2%
  4. Hides and skinsUS$ 88 mn → US$ 72.4 mn-17.7%

Opportunity: what this country buys from the world, and from India

The country’s own recorded imports in UN Comtrade, 2022. Chapters with the biggest gap between what it buys from the world and what it buys from India.

Electrical and electronicsUS$ 122.7 bnIndia 0.2% · gap US$ 122.4 bn
Fuels and petroleum productsUS$ 26.9 bnIndia 0.3% · gap US$ 26.8 bn
MachineryUS$ 25.7 bnIndia 1.5% · gap US$ 25.3 bn
PlasticsUS$ 20.8 bnIndia 0.8% · gap US$ 20.7 bn
Iron and steelUS$ 14.3 bnIndia 5.9% · gap US$ 13.5 bn
Vehicles and partsUS$ 8.14 bnIndia 3% · gap US$ 7.89 bn
Instruments, medical devicesUS$ 7.51 bnIndia 0.9% · gap US$ 7.44 bn
Knitted fabricsUS$ 6.27 bnIndia 0.2% · gap US$ 6.26 bn
Organic chemicalsUS$ 5.91 bnIndia 3.5% · gap US$ 5.7 bn
CottonUS$ 5.72 bnIndia 5.7% · gap US$ 5.4 bn

Our product guides that sell here

India’s exports of each product to this country, 2025-26.

Name2025-26Change
1Frozen shrimpUS$ 421 mn+50.5%
2Auto parts and componentsUS$ 227 mn-19.6%
3Non-basmati riceUS$ 194 mn-10.5%
4Granite and natural stoneUS$ 180 mn+16.1%
5Cotton yarnUS$ 123 mn-21.2%
6Cashew kernelsUS$ 111 mn+161.4%
7Groundnut (peanut)US$ 105 mn-4%
8Ceramic and vitrified tilesUS$ 77.8 mn+30.5%
9Fresh vegetablesUS$ 40.2 mn+120.8%
10Processed foodUS$ 39.5 mn+5.3%
11Sesame seed (til)US$ 25.3 mn-5.3%
12SpicesUS$ 23.1 mn-4.6%

The 20 biggest export lines

4-digit HS lines, 2025-26, with their Harmonized System descriptions.

Name2025-26Change
1Meat of bovine animalsHS 0202US$ 739 mn+27.6%
2AluminiumHS 7601US$ 424 mn+80.9%
3CrustaceansHS 0306US$ 421 mn+50.6%
4Iron or non-alloy steelHS 7208US$ 362 mn+8,534.8%
5Motor vehiclesHS 8708US$ 227 mn-19.6%
6RiceHS 1006US$ 196 mn-10.3%
7Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinniesHS 0206US$ 195 mn+20.9%
8Monumental or building stone, worked and articles thereof mosaic cubes etc., of natural stone including slateHS 6802US$ 180 mn+16.1%
9MedicamentsHS 3004US$ 131 mn-7.1%
10Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products, plant growth regulators…HS 3808US$ 128 mn+4%
11Flours, meal and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic…HS 2301US$ 126 mn+218.5%
12Cotton yarn, containing 85% or more by weight of cotton, not put up for retail saleHS 5205US$ 123 mn-21.2%
13Nuts, edibleHS 0801US$ 113 mn+158.4%
14LeadHS 7801US$ 106 mn+24.2%
15Ground-nutsHS 1202US$ 105 mn-4%
16Aluminium wireHS 7605US$ 92.3 mn+57.6%
17MaizeHS 1005US$ 82.5 mn+2,866.5%
18Ferro-alloysHS 7202US$ 81.3 mn+31.9%
19MolluscsHS 0307US$ 78.4 mn+73.5%
20Ceramic flags and paving, hearth or wall tilesHS 6907US$ 77.8 mn+30.5%

What India buys from Vietnam

India’s imports from this country in 2025-26 by HS chapter, from TradeStat — this country can be your supplier too.

India’s imports, 2025-26
US$ 11.6 bn
US$ 10.3 bn → US$ 11.6 bn
India’s exports, 2025-26
US$ 6.67 bn
Trade balance
−US$ 4.95 bn
exports minus imports
Change in imports
+12.4%
Name2025-26Change
1Electrical and electronicsHS 85—+8.7%
2MachineryHS 84—+19%
3Iron and steelHS 72—+12.1%
4CopperHS 74—-15.8%
5PlasticsHS 39—+26.7%
6Inorganic chemicalsHS 28—-10.7%
7Coffee, tea, spicesHS 09—+22.4%
8AluminiumHS 76—+537.2%
9Glass and glasswareHS 70—+122.9%
10FootwearHS 64—+14.3%

The country at a glance

Population
102 mn
2025
GDP
US$ 514.7 bn
2025
GDP per person
US$ 5,066
2025
Imports (goods and services)
US$ 474 bn
2025

Sources: TradeStat — Export Import Data Bank, Department of Commerce · UN Comtrade database (United Nations Statistics Division) · World Bank — World Development Indicators · Figures taken 29 October 2026.

What to send to Vietnam

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