2022
Exports
$639MWorld Rnk 3 / 192
Flag Rnk 99 / 1176
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$43.3MWorld Rnk 30 / 223
Flag Rnk 580 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $639M in Packing Bags, making it the 3rd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 99th most exported product in Vietnam. The main destination of Packing Bags exports from Vietnam are: South Korea ($240M), Japan ($113M), United States ($36.4M), Thailand ($29.3M), and Philippines ($26M).

The fastest growing export markets for Packing Bags of Vietnam between 2021 and 2022 were Japan ($19M), South Korea ($16M), and Thailand ($3.63M).

Imports In 2022, Vietnam imported $43.3M in Packing Bags, becoming the 30th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 580th most imported product in Vietnam. Vietnam imports Packing Bags primarily from: China ($22.5M), United States ($4.17M), Bangladesh ($2.98M), South Korea ($1.91M), and Canada ($1.28M).

The fastest growing import markets in Packing Bags for Vietnam between 2021 and 2022 were China ($2.19M), Canada ($1.2M), and Bangladesh ($848k).

COMPANIES In 2023, leading companies such as Costco Wholesale (2), Lollicup (1), and Rothfos (1) were at the forefront of shipping Packing Bags 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 Packing Bags. 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)$639M
IMPORTS (2022)$43.3M
NET TRADE (2022)$595M

In 2022, Vietnam exported $639M in Packing Bags. The main destinations of Vietnam exports on Packing Bags were South Korea ($240M), Japan ($113M), United States ($36.4M), Thailand ($29.3M), and Philippines ($26M).

In 2022, Vietnam imported $43.3M in Packing Bags, mainly from China ($22.5M), United States ($4.17M), Bangladesh ($2.98M), South Korea ($1.91M), and Canada ($1.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$19M (20.2%)
South Korea$16M (7.12%)
Thailand$3.63M (14.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Vietnam WERE (2021 - 2022):
Russia-$4.52M (-38%)
United States-$2.98M (-7.57%)
Cote d'Ivoire-$1.98M (-76.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Vietnam's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.2M
TOP IMPORT POTENTIALChina+ $9.8M

Packing Bags’s highest export potential is United States. With an export gap of $16.2M.   Packing Bags’s highest import potential is China with an import gap of $9.8M.

See methodology.

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