Vietnam-Italy Relations 2026: Latest Bilateral Trade Data

The EVFTA has significantly boosted Vietnam-Italy trade relations since 2020 by lowering tariffs, simplifying customs procedures, and improving market access for both sides.

The Vietnam-Italy relations are strengthening in 2026, supported by EVFTA and growing cooperation in trade and investment. According to the latest Vietnam trade data, bilateral trade reached $7.57 billion in 2025, making Italy one of Vietnam’s key EU partners and a steadily expanding market for both imports and exports. Vietnam customs data also shows a wider mix of traded goods, from machinery and electronic goods to agricultural and consumer products, reflecting deeper industrial linkages and more diversified commercial exchange between the two countries. This upward trend highlights the resilience of Vietnam-Italy trade and the long-term potential of Vietnam-Italy trade relations in the years ahead.

Vietnam-Italy Trade Growth after EVFTA

The EVFTA has significantly boosted Vietnam-Italy trade relations since 2020 by lowering tariffs, simplifying customs procedures, and improving market access for both sides. As a result, bilateral trade rose from $4.29 billion in 2015 to $7.57 billion in 2025, showing steady growth in Vietnam-Italy relations and stronger business cooperation. The EVFTA has especially supported sectors such as the following: 

  • Electronics
  • Machinery
  • Footwear
  • Textiles
  • Furniture
  • Coffee and agricultural products

It has also encouraged Italian firms to invest in Vietnam while helping Vietnamese exporters expand into European markets.

Vietnam-Italy Bilateral Trade Data

The latest Vietnam trade data highlights the strong economic partnership between the two countries. Key figures from the latest Vietnam-Italy trade relations include the following: 

  • Total bilateral trade value: $7.57 billion 
  • Italy ranks as Vietnam's third-largest trading partner within the European Union
  • Italian investment projects in Vietnam: 162 projects
  • Total registered Italian investment: $624 million
  • Vietnamese investment projects in Italy: 11 projects

The steady growth in Vietnam-Italy trade relations reflects increasing business confidence and stronger industrial cooperation. Trade experts expect bilateral trade to maintain positive momentum throughout 2026 as supply chains stabilize and new investment projects become operational. 

Top Imports of Vietnam from Italy

Italy exports a wide range of high-value industrial and technological products to Vietnam. These imports support Vietnam’s industrial modernization and manufacturing expansion. Major products imported by Vietnam from Italy include:

  • Industrial Machinery

  1. Used in manufacturing, processing, and production line upgrades
  2. Supports Vietnam’s industrial automation and productivity growth
  3. Plays a key role in expanding factory capacity across multiple sectors

  • Precision manufacturing equipment

  1. Helps improve accuracy, efficiency, and product quality
  2. Commonly used in advanced industrial and engineering applications
  3. Supports Vietnam’s shift toward higher-value manufacturing

  • Pharmaceutical products

  1. Contribute to Vietnam’s healthcare and medical supply chain
  2. Include specialized medicines and related health products
  3. Reflect the growing demand for quality pharmaceutical imports

Top Exports of Vietnam to Italy

Vietnam continues to expand its export presence in the Italian market through a diversified portfolio of manufactured and agricultural products. According to recent Vietnam customs data, the leading exports from Vietnam to Italy include: 

  • Electrical machinery and equipment

Export value: $1.03 billion. Electrical machinery remains Vietnam's largest export category to Italy, driven by the country's strong electronics manufacturing sector. 

  • Iron and Steel

Export value: $811.25 million. Vietnam's iron and steel industry has established a strong position in the Italian market through competitive pricing and consistent product quality. 

  • Nuclear reactors and boilers

Export value: $617.63 million. This category includes industrial machinery, mechanical appliances, and equipment used across various sectors. 

Future Outlook for Vietnam-Italy Trade Relations

The outlook for Vietnam-Italy relations remains highly positive as both countries continue strengthening economic cooperation under the EU-Vietnam Free Trade Agreement (EVFTA). Rising demand for advanced manufacturing technologies, renewable energy equipment, pharmaceuticals, and sustainable agricultural products is expected to create new business opportunities over the coming years. Italian companies are increasingly exploring Vietnam as a strategic production and investment destination in Southeast Asia, while Vietnamese exporters continue expanding their presence in Italy by supplying higher-value manufactured goods, electronics, furniture, footwear, and processed agricultural products.

Conclusion

In conclusion, the latest Vietnam-Italy trade figures highlight the steady growth of Vietnam-Italy relations and the broader expansion of bilateral economic cooperation. With total trade reaching $7.57 billion and stronger market access supported by the EVFTA, both countries are well-positioned for continued expansion in the years ahead. As Vietnam-Italy trade relations continue to evolve, businesses can explore new opportunities in manufacturing, machinery, technology, agriculture, and consumer products. 

Reliable Vietnam trade data and Vietnam customs data also help companies track market trends and identify emerging opportunities in this important Southeast Asia-Europe partnership. For the latest update on the Vietnam import data or Italy import data or to search live data by country or HS code, you can contact info@tradeimex.in & get customized trade reports for businesses. 

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