Assessing potential impacts of the EVFTA on Vietnam’s pharmaceutical imports from the EU: an application of SMART analysis

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Table 7 Trade creation and trade diversion effect of the EVFTA

Nation	Trade creation		Scenario 1			Scenario 2
Nation	Trade creation (‘000 USD)	Share in total trade creation (%)	Total trade effect (‘000 USD)	Trade diversion (‘000 USD)	Share of trade creation in total trade effects (%)	Total trade effect (‘000 USD)	Trade diversion (‘000 USD)	Share of trade creation in total trade effects (%)
France	4506	25.55	8474	3968	53.18	7677	3171	58.70
Germany	3337	18.92	6615	3278	50.45	5993	2656	55.68
UK	2283	12.94	4276	1993	53.40	3798	1515	60.12
Italy	2138	12.12	4187	2049	51.06	3771	1633	56.70
Belgium	776	4.40	1544	768	50.27	1387	611	55.96
Austria	733	4.15	1439	706	50.91	1308	576	56.01
Spain	690	3.91	1352	662	51.02	1220	531	56.50
Ireland	573	3.25	1096	523	52.25	994	421	57.66
Sweden	516	2.93	1030	513	50.14	939	423	54.99
Hungary	395	2.24	771	376	51.28	710	316	55.45
Poland	394	2.23	797	404	49.36	706	311	56.00
Cyprus	343	1.94	676	334	50.66	599	256	57.21
Netherlands	249	1.41	494	245	50.37	448	199	55.57
Bulgaria	195	1.10	396	202	49.13	355	160	54.89
Romania	129	0.73	247	117	52.45	224	94	57.84
Portugal	117	0.66	236	118	49.73	214	96	54.85
Greece	111	0.63	217	106	51.14	197	86	56.27
Slovenia	104	0.59	164	60	63.55	145	40	72.08
Denmark	21	0.12	39	19	52.52	36	16	56.64
Finland	9	0.05	18	9	49.47	17	8	53.86
Malta	8	0.04	16	8	50.12	14	6	54.98
Czech Republic	7	0.04	13	6	52.63	12	5	58.05
Latvia	3	0.02	6	3	50.12	5	2	54.98
Slovak Republic	2	0.01	5	2	50.12	4	2	54.98
Lithuania	0	0.00	0	0	0.00	0	0	0.00
Luxembourg	0	0.00	0	0	0.00	0	0	0.00
Total	17,639	100.00	34,109	16,470	51.71	30,773	13,134	57.32