2022
Exports
$615MWorld Rnk 3 / 179
Flag Rnk 103 / 1176
2022
PRODUCT COMPLEXITY IN Candles
0.33Rnk 433 / 1025
2022
Imports
$8.17MWorld Rnk 54 / 219
Flag Rnk 875 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $615M in Candles, making it the 3rd largest exporter of Candles in the world. At the same year, Candles was the 103rd most exported product in Vietnam. The main destination of Candles exports from Vietnam are: United States ($479M), United Kingdom ($38.5M), Canada ($35.6M), Germany ($15.8M), and Japan ($11.2M).

The fastest growing export markets for Candles of Vietnam between 2021 and 2022 were Canada ($17.5M), Germany ($4.59M), and Czechia ($2.31M).

Imports In 2022, Vietnam imported $8.17M in Candles, becoming the 54th largest importer of Candles in the world. At the same year, Candles was the 875th most imported product in Vietnam. Vietnam imports Candles primarily from: China ($6.62M), United States ($644k), France ($174k), Czechia ($166k), and Thailand ($132k).

The fastest growing import markets in Candles for Vietnam between 2021 and 2022 were China ($4.07M), France ($120k), and Singapore ($86.6k).

COMPANIES In 2023, leading companies such as At Home Procurement (134), QVC Inc (68), and Jo-Ann Stores (47) were at the forefront of shipping Candles 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 Candles. 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)$615M
IMPORTS (2022)$8.17M
NET TRADE (2022)$607M

In 2022, Vietnam exported $615M in Candles. The main destinations of Vietnam exports on Candles were United States ($479M), United Kingdom ($38.5M), Canada ($35.6M), Germany ($15.8M), and Japan ($11.2M).

In 2022, Vietnam imported $8.17M in Candles, mainly from China ($6.62M), United States ($644k), France ($174k), Czechia ($166k), and Thailand ($132k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Candles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Canada$17.5M (96.8%)
Germany$4.59M (41%)
Czechia$2.31M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Candles BY Vietnam WERE (2021 - 2022):
United States-$66.1M (-12.1%)
United Kingdom-$5.39M (-12.3%)
Japan-$2.4M (-17.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Candles were:
China $1.27B
In 2022, Vietnam's main importing competitors in Candles were:

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Trade Value of Candles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.57M
TOP IMPORT POTENTIALChina+ $3.5M

Candles’s highest export potential is Germany. With an export gap of $9.57M.   Candles’s highest import potential is China with an import gap of $3.5M.

See methodology.

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