2023
Exports
$2.73BWorld Rnk 7 / 198
Flag Rnk 21 / 96
2023
PRODUCT COMPLEXITY IN Cotton
-0.51Rnk 708 / 1025
2023
Imports
$4.66BWorld Rnk 3 / 218
Flag Rnk 10 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $2.73B in Cotton, making it the 7th largest exporter of Cotton in the world. At the same year, Cotton was the 21st most exported product in Vietnam. The main destination of Cotton exports from Vietnam are: China ($2.16B), Indonesia ($111M), Cambodia ($96.3M), Thailand ($59.9M), and India ($46.5M).

The fastest growing export markets for Cotton of Vietnam between 2022 and 2023 were Hong Kong ($11.3M), China ($5.45M), and Portugal ($3.56M).

Imports In 2023, Vietnam imported $4.66B 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 ($1.64B), Australia ($1.05B), United States ($751M), Brazil ($386M), and India ($267M).

The fastest growing import markets in Cotton for Vietnam between 2022 and 2023 were China ($123M), Turkey ($96M), and Hong Kong ($21.7M).

COMPANIES In 2024, leading companies such as Guess Clothing (36), JP Boden Services (7), and Cloud Network Technology (4) were at the forefront of shipping Cotton from Vietnam to the United States.

Latest Trends

Dec 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 (2023)$2.73B
IMPORTS (2023)$4.66B
NET TRADE (2023)-$1.92B

In 2023, Vietnam exported $2.73B in Cotton. The main destinations of Vietnam exports on Cotton were China ($2.16B), Indonesia ($111M), Cambodia ($96.3M), Thailand ($59.9M), and India ($46.5M).

In 2023, Vietnam imported $4.66B in Cotton, mainly from China ($1.64B), Australia ($1.05B), United States ($751M), Brazil ($386M), and India ($267M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Hong Kong$11.3M (79.7%)
China$5.45M (0.25%)
Portugal$3.56M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Vietnam WERE (2022 - 2023):
South Korea-$304M (-100%)
Bangladesh-$222M (-100%)
India-$33M (-41.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Cotton were:
In 2023, 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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