2022
Exports
$8.31BWorld Rnk 39 / 226
Flag Rnk 9 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$25.8BWorld Rnk 24 / 226
Flag Rnk 5 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $8.31B in Chemical Products, making it the 39th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 9th most exported product in Vietnam. The main destination of Chemical Products exports from Vietnam are: China ($1.26B), India ($1B), Japan ($940M), United States ($688M), and Malaysia ($575M).

The fastest growing export markets for Chemical Products of Vietnam between 2021 and 2022 were India ($364M), Malaysia ($267M), and Japan ($218M).

Imports In 2018, Vietnam imported $25.8B in Chemical Products, becoming the 24th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 5th most imported product in Vietnam. Vietnam imports Chemical Products primarily from: China ($8.74B), South Korea ($2.12B), Belgium ($1.71B), Chinese Taipei ($1.66B), and United States ($1.35B).

The fastest growing import markets in Chemical Products for Vietnam between 2021 and 2022 were China ($1.33B), Belgium ($1.24B), and United States ($172M).

COMPANIES In 2023, leading companies such as Home Depot (848), IKEA Group (386), and At Home Procurement (151) were at the forefront of shipping Chemical Products 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 Chemical 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)$8.31B
IMPORTS (2022)$25.8B
NET TRADE (2022)-$17.5B

In 2022, Vietnam exported $8.31B in Chemical Products. The main destinations of Vietnam exports on Chemical Products were China ($1.26B), India ($1B), Japan ($940M), United States ($688M), and Malaysia ($575M).

In 2022, Vietnam imported $25.8B in Chemical Products, mainly from China ($8.74B), South Korea ($2.12B), Belgium ($1.71B), Chinese Taipei ($1.66B), and United States ($1.35B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$364M (57.2%)
Malaysia$267M (86.8%)
Japan$218M (30.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Vietnam WERE (2021 - 2022):
United States-$68M (-8.99%)
Russia-$23.8M (-44%)
Mozambique-$17.2M (-61.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Chemical Products were:
In 2022, Vietnam's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $806M
TOP IMPORT POTENTIALChina+ $1.86B

Chemical Products’s highest export potential is China. With an export gap of $806M.   Chemical Products’s highest import potential is China with an import gap of $1.86B.

See methodology.

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