India-Vietnam Trade 2026: The Definitive Outlook
Future-proof your operations with expert guidance on the new era of India-Vietnam trade relations and supply chain resilience.
$16.1 b
Bilateral Trade Value
Meat; of
Top Traded Products
India-ASEAN FTA
Active Trade Agreements
~12.53%
Annual Growth Rate
India-Vietnam Trade Intelligence: Market Data & Insights
AI Insight
Bilateral trade between India and Vietnam exhibits a robust 12.53% growth rate, with total trade reaching $16.12 billion in 2024. The market trajectory shows a clear shift: India's imports from Vietnam, led by high-tech electronics like iPhones ($1.15B), have doubled since 2020. Meanwhile, India's exports are concentrated in commodities such as frozen meat and maize. This divergence indicates a competitive landscape where Vietnam serves as a tech manufacturing hub, while India remains a key supplier of agricultural and industrial raw materials.
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Complete 5-Year Trade Overview
AI Insight
Total trade between the two nations has shown consistent growth over the last five years, increasing from $10.06 billion in 2020 to $16.12 billion in 2024. This steady upward trajectory reflects a robust strengthening of bilateral economic ties, with annual trade values rising every year despite global market fluctuations.
Pinpoint market momentum. Monitor shifting demand and competitive maneuvers across India and Vietnam to stay three steps ahead of the industry.
Access Market IntelligenceImport & Export Breakdown
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Trade dynamics show a widening gap as imports surged from $5.56 billion in 2020 to $10.65 billion in 2024. Conversely, exports peaked at $6.64 billion in 2021 but have since moderated to $5.48 billion. The data indicates a significant shift toward an import-heavy trade balance over the five-year period.
Map global trade flows with total precision. Leverage granular India–Vietnam data to identify high-potential sourcing routes and resilient supply chains.
Visualize Trade FlowsWhat India Buys from Vietnam
AI Insight
The bilateral trade between India and Vietnam demonstrates a healthy growth rate of 12.53%. This double-digit expansion signifies a dynamic and evolving commercial relationship, highlighting strong market demand and successful trade integration between the two economies.
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Uncover Growth NichesWhat Vietnam Buys from India
AI Insight
India's top exports to Vietnam in 2023 are led by frozen boneless bovine meat ($489.0M) and yellow maize ($360.9M). The trade profile is heavily weighted toward agricultural commodities and raw materials, including crustaceans and ir 64 rice, which remain critical components of the bilateral exchange.
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Uncover Growth NichesAnnual Growth Trends
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Vietnam's exports to India in 2024 are dominated by high-value electronics and technology. The iPhone 11 leads with $1.15 billion, followed by communication apparatus ($902.6M) and video recording equipment ($730.9M). This highlights Vietnam's role as a major supplier of consumer electronics and industrial components to the Indian market.
India-Vietnam Trade Regulations Explained
List of Trade requirements for India
Before Shipment
Documentation Required
List of Trade requirements for Vietnam
Before Shipment
Documentation Required
Eliminate the risk of port delays and unexpected penalties. Access comprehensive India-Vietnam documentation standards and compliance frameworks to get your shipment right the first time, every time.
View Compliance ChecklistIndia-Vietnam FTA Opportunities
Don’t let complex trade agreements eat into your profits. Navigate India-Vietnam FTAs with ease, confirm your eligibility, and ensure you’re paying the lowest possible duty rates.
Check FTA Eligibility- India-ASEAN FTA
- CPTPP (Vietnam)
- EVFTA (Vietnam)
- RCEP (Vietnam)
- India-UAE CEPA
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