2023
Exports
$18.4MWorld Rnk 34 / 194
Flag Rnk 529 / 1173
2023
PRODUCT COMPLEXITY IN Essential Oils
-1.17Rnk 872 / 1025
2023
Imports
$11.1MWorld Rnk 42 / 217
Flag Rnk 802 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $18.4M in Essential Oils, making it the 34th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 529th most exported product in Vietnam. The main destination of Essential Oils exports from Vietnam are: China ($8.12M), United States ($3.71M), India ($2.58M), France ($966k), and Hong Kong ($514k).

The fastest growing export markets for Essential Oils of Vietnam between 2022 and 2023 were India ($1.48M), United States ($784k), and Hong Kong ($252k).

Imports In 2023, Vietnam imported $11.1M in Essential Oils, becoming the 42nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 802nd most imported product in Vietnam. Vietnam imports Essential Oils primarily from: India ($4.5M), China ($1.82M), United States ($912k), Singapore ($838k), and Indonesia ($683k).

The fastest growing import markets in Essential Oils for Vietnam between 2022 and 2023 were Australia ($414k), United Kingdom ($46.7k), and United States ($43.5k).

COMPANIES In 2024, leading companies such as Lollicup (19), Cotton On (1), and Dollarama (1) were at the forefront of shipping Essential Oils 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 Essential Oils. 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)$18.4M
IMPORTS (2023)$11.1M
NET TRADE (2023)$7.34M

In 2023, Vietnam exported $18.4M in Essential Oils. The main destinations of Vietnam exports on Essential Oils were China ($8.12M), United States ($3.71M), India ($2.58M), France ($966k), and Hong Kong ($514k).

In 2023, Vietnam imported $11.1M in Essential Oils, mainly from India ($4.5M), China ($1.82M), United States ($912k), Singapore ($838k), and Indonesia ($683k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
India$1.48M (134%)
United States$784k (26.8%)
Hong Kong$252k (96.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Vietnam WERE (2022 - 2023):
Mexico-$1.49M (-97.6%)
Sri Lanka-$1.13M (-100%)
China-$546k (-6.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Essential Oils were:
In 2023, Vietnam's main importing competitors in Essential Oils were:

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.01M
TOP IMPORT POTENTIALIndia+ $2.8M

Essential Oils’s highest export potential is China. With an export gap of $5.01M.   Essential Oils’s highest import potential is India with an import gap of $2.8M.

See methodology.

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