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Table 7 Trade creation and trade diversion effect of the EVFTA

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

Nation Trade creation Scenario 1 Scenario 2
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