2022
Exports
$347MWorld Rnk 28 / 210
Flag Rnk 164 / 1176
2022
PRODUCT COMPLEXITY IN Baked Goods
-0.32Rnk 655 / 1025
2022
Imports
$292MWorld Rnk 35 / 226
Flag Rnk 211 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $347M in Baked Goods, making it the 28th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 164th most exported product in Vietnam. The main destination of Baked Goods exports from Vietnam are: United States ($48.5M), Japan ($34.1M), China ($33.4M), South Korea ($32.4M), and United Kingdom ($24.4M).

The fastest growing export markets for Baked Goods of Vietnam between 2021 and 2022 were United States ($14.1M), Indonesia ($9.29M), and South Korea ($8.44M).

Imports In 2022, Vietnam imported $292M in Baked Goods, becoming the 35th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 211th most imported product in Vietnam. Vietnam imports Baked Goods primarily from: Indonesia ($104M), China ($57M), Thailand ($43.1M), Malaysia ($34.8M), and South Korea ($15.8M).

The fastest growing import markets in Baked Goods for Vietnam between 2021 and 2022 were Indonesia ($21.8M), Thailand ($12.7M), and Malaysia ($10.5M).

COMPANIES In 2023, leading companies such as Walong Marketing (63) and Wismettac Asian Foods (1) were at the forefront of shipping Baked Goods from Vietnam to the United States.

Latest Trends

Nov 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 Baked Goods. 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)$347M
IMPORTS (2022)$292M
NET TRADE (2022)$55.4M

In 2022, Vietnam exported $347M in Baked Goods. The main destinations of Vietnam exports on Baked Goods were United States ($48.5M), Japan ($34.1M), China ($33.4M), South Korea ($32.4M), and United Kingdom ($24.4M).

In 2022, Vietnam imported $292M in Baked Goods, mainly from Indonesia ($104M), China ($57M), Thailand ($43.1M), Malaysia ($34.8M), and South Korea ($15.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$14.1M (40.8%)
Indonesia$9.29M (73.6%)
South Korea$8.44M (35.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Vietnam WERE (2021 - 2022):
Burma-$5.48M (-48.4%)
Laos-$1.19M (-27.6%)
Russia-$913k (-22.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Baked Goods were:
Germany $4.92B
Canada $4.75B
Italy $3.5B
In 2022, Vietnam's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.2M
TOP IMPORT POTENTIALChina+ $18.3M

Baked Goods’s highest export potential is United States. With an export gap of $36.2M.   Baked Goods’s highest import potential is China with an import gap of $18.3M.

See methodology.

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