2022
Exports
$75.5MWorld Rnk 7 / 80
Flag Rnk 338 / 1176
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$376MWorld Rnk 3 / 144
Flag Rnk 171 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $75.5M in Rare-Earth Metal Compounds, making it the 7th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 338th most exported product in Vietnam. The main destination of Rare-Earth Metal Compounds exports from Vietnam are: China ($72.3M), Japan ($1.54M), Thailand ($1.43M), United Kingdom ($164k), and Canada ($91.7k).

The fastest growing export markets for Rare-Earth Metal Compounds of Vietnam between 2021 and 2022 were China ($37.4M), Thailand ($1.33M), and United Kingdom ($164k).

Imports In 2022, Vietnam imported $376M in Rare-Earth Metal Compounds, becoming the 3rd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 171st most imported product in Vietnam. Vietnam imports Rare-Earth Metal Compounds primarily from: Malaysia ($238M), China ($61.3M), India ($45.7M), Japan ($30.2M), and Finland ($703k).

The fastest growing import markets in Rare-Earth Metal Compounds for Vietnam between 2021 and 2022 were Malaysia ($62.4M), India ($30.2M), and Finland ($405k).

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 Rare-Earth Metal Compounds. 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)$75.5M
IMPORTS (2022)$376M
NET TRADE (2022)-$301M

In 2022, Vietnam exported $75.5M in Rare-Earth Metal Compounds. The main destinations of Vietnam exports on Rare-Earth Metal Compounds were China ($72.3M), Japan ($1.54M), Thailand ($1.43M), United Kingdom ($164k), and Canada ($91.7k).

In 2022, Vietnam imported $376M in Rare-Earth Metal Compounds, mainly from Malaysia ($238M), China ($61.3M), India ($45.7M), Japan ($30.2M), and Finland ($703k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$37.4M (107%)
Thailand$1.33M (1.36k%)
United Kingdom$164k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Vietnam WERE (2021 - 2022):
Spain-$473k (-100%)
Japan-$282k (-15.5%)
Hong Kong-$250k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, Vietnam's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $24.8M
TOP IMPORT POTENTIALChina+ $19.8M

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $24.8M.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $19.8M.

See methodology.

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