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2022
Exports $74.1MWorld Rnk 45 / 216
Flag Rnk 342 / 1176
2022
Destination $4.67M Japan
2021 - 2022
FASTEST GROWING MARKET $4.67MUnited States
2022
PRODUCT COMPLEXITY IN Beauty Products0.42Rnk 400 / 1025
2022
Imports $600MWorld Rnk 24 / 223
Flag Rnk 121 / 1208
2022
Origin $46.7M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $46.7MSouth Korea
2022
ECONOMIC COMPLEXITY of Vietnam0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $74.1M in Beauty Products, making it the 45th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 342nd most exported product in Vietnam. The main destination of Beauty Products exports from Vietnam are: Japan ($37.6M), Thailand ($9.55M), United States ($6.68M), Hong Kong ($3.52M), and Malaysia ($2.96M).

The fastest growing export markets for Beauty Products of Vietnam between 2021 and 2022 were United States ($4.67M), Thailand ($2.32M), and Hong Kong ($2.3M).

Imports In 2022, Vietnam imported $600M in Beauty Products, becoming the 24th largest importer of Beauty Products in the world. At the same year, Beauty Products was the 121st most imported product in Vietnam. Vietnam imports Beauty Products primarily from: South Korea ($294M), France ($87.4M), Japan ($63.9M), Singapore ($39.9M), and United States ($21.7M).

The fastest growing import markets in Beauty Products for Vietnam between 2021 and 2022 were South Korea ($46.7M), Singapore ($23.8M), and France ($3.87M).

COMPANIES In 2023, leading companies such as Walmart (1) were at the forefront of shipping Beauty Products from Vietnam to the United States.

Latest Trends

Sep 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 Beauty Products. 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)$74.1M
IMPORTS (2022)$600M
NET TRADE (2022)-$526M

In 2022, Vietnam exported $74.1M in Beauty Products. The main destinations of Vietnam exports on Beauty Products were Japan ($37.6M), Thailand ($9.55M), United States ($6.68M), Hong Kong ($3.52M), and Malaysia ($2.96M).

In 2022, Vietnam imported $600M in Beauty Products, mainly from South Korea ($294M), France ($87.4M), Japan ($63.9M), Singapore ($39.9M), and United States ($21.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$4.67M (232%)
Thailand$2.32M (32%)
Hong Kong$2.3M (189%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Vietnam WERE (2021 - 2022):
Macau-$1.12M (-93.6%)
Canada-$919k (-66%)
Japan-$725k (-1.89%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Beauty Products were:
France $10.8B
South Korea $7.09B
United States $6.02B
In 2022, Vietnam's main importing competitors in Beauty Products were:
China $11.1B
United States $5.77B
Hong Kong $3.78B

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $23.2M
TOP IMPORT POTENTIALChina+ $19M

Beauty Products’s highest export potential is China. With an export gap of $23.2M.   Beauty Products’s highest import potential is China with an import gap of $19M.

See methodology.

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