2022
Exports
$17.5MWorld Rnk 20 / 142
Flag Rnk 572 / 1176
2022
PRODUCT COMPLEXITY IN Synthetic Fabrics
-0.0088Rnk 549 / 1025
2022
Imports
$384MWorld Rnk 1 / 208
Flag Rnk 168 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $17.5M in Synthetic Fabrics, making it the 20th largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 572nd most exported product in Vietnam. The main destination of Synthetic Fabrics exports from Vietnam are: Bangladesh ($3.48M), Japan ($2.27M), Indonesia ($2.22M), South Korea ($2.02M), and Malaysia ($1.89M).

The fastest growing export markets for Synthetic Fabrics of Vietnam between 2021 and 2022 were Bangladesh ($1.62M), Singapore ($905k), and Malaysia ($828k).

Imports In 2022, Vietnam imported $384M in Synthetic Fabrics, becoming the 1st largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 168th most imported product in Vietnam. Vietnam imports Synthetic Fabrics primarily from: China ($251M), South Korea ($85.9M), Chinese Taipei ($18.3M), Japan ($14.2M), and Thailand ($2.7M).

The fastest growing import markets in Synthetic Fabrics for Vietnam between 2021 and 2022 were Chinese Taipei ($8.94M), South Korea ($8.89M), and Japan ($3.31M).

COMPANIES In 2023, leading companies such as Gap (1) were at the forefront of shipping Synthetic Fabrics from Vietnam to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Synthetic Fabrics. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$17.5M
IMPORTS (2022)$384M
NET TRADE (2022)-$366M

In 2022, Vietnam exported $17.5M in Synthetic Fabrics. The main destinations of Vietnam exports on Synthetic Fabrics were Bangladesh ($3.48M), Japan ($2.27M), Indonesia ($2.22M), South Korea ($2.02M), and Malaysia ($1.89M).

In 2022, Vietnam imported $384M in Synthetic Fabrics, mainly from China ($251M), South Korea ($85.9M), Chinese Taipei ($18.3M), Japan ($14.2M), and Thailand ($2.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Fabrics EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Bangladesh$1.62M (87%)
Singapore$905k (103%)
Malaysia$828k (78.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Fabrics BY Vietnam WERE (2021 - 2022):
Laos-$1.69M (-92.1%)
Turkey-$1.65M (-99.9%)
South Korea-$1.27M (-38.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Synthetic Fabrics were:
In 2022, Vietnam's main importing competitors in Synthetic Fabrics were:

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Trade Value of Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.36M
TOP IMPORT POTENTIALUnited States+ $2.21M

Synthetic Fabrics’s highest export potential is China. With an export gap of $1.36M.   Synthetic Fabrics’s highest import potential is United States with an import gap of $2.21M.

See methodology.

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