2022
Exports
$3.43BWorld Rnk 6 / 199
Flag Rnk 20 / 96
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$5.41BWorld Rnk 3 / 220
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $3.43B in Cotton, making it the 6th largest exporter of Cotton in the world. At the same year, Cotton was the 20th most exported product in Vietnam. The main destination of Cotton exports from Vietnam are: China ($2.08B), South Korea ($290M), Bangladesh ($222M), Indonesia ($141M), and Cambodia ($115M).

The fastest growing export markets for Cotton of Vietnam between 2021 and 2022 were Bangladesh ($79.9M), India ($54.6M), and Thailand ($49.2M).

Imports In 2022, Vietnam imported $5.41B in Cotton, becoming the 3rd largest importer of Cotton in the world. At the same year, Cotton was the 10th most imported product in Vietnam. Vietnam imports Cotton primarily from: China ($1.68B), Australia ($1.19B), United States ($1.11B), Brazil ($549M), and India ($272M).

The fastest growing import markets in Cotton for Vietnam between 2021 and 2022 were Australia ($578M), China ($204M), and United States ($64.7M).

COMPANIES In 2023, leading companies such as Home Depot (559), Gap (50), and Old Navy (35) were at the forefront of shipping Cotton 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 Cotton. 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)$3.43B
IMPORTS (2022)$5.41B
NET TRADE (2022)-$1.98B

In 2022, Vietnam exported $3.43B in Cotton. The main destinations of Vietnam exports on Cotton were China ($2.08B), South Korea ($290M), Bangladesh ($222M), Indonesia ($141M), and Cambodia ($115M).

In 2022, Vietnam imported $5.41B in Cotton, mainly from China ($1.68B), Australia ($1.19B), United States ($1.11B), Brazil ($549M), and India ($272M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Bangladesh$79.9M (56.2%)
India$54.6M (236%)
Thailand$49.2M (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Vietnam WERE (2021 - 2022):
China-$696M (-25.1%)
South Korea-$60.1M (-17.2%)
Hong Kong-$27.1M (-70.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBangladesh+ $55.7M
TOP IMPORT POTENTIALIndia+ $79.7M

Cotton’s highest export potential is Bangladesh. With an export gap of $55.7M.   Cotton’s highest import potential is India with an import gap of $79.7M.

See methodology.

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