2022
Exports
$23.6MWorld Rnk 33 / 196
Flag Rnk 526 / 1176
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$19.1MWorld Rnk 34 / 214
Flag Rnk 747 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $23.6M in Essential Oils, making it the 33rd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 526th most exported product in Vietnam. The main destination of Essential Oils exports from Vietnam are: China ($12.3M), United States ($2.77M), Mexico ($1.82M), France ($1.23M), and Sri Lanka ($1.13M).

The fastest growing export markets for Essential Oils of Vietnam between 2021 and 2022 were China ($877k), Netherlands ($353k), and France ($304k).

Imports In 2022, Vietnam imported $19.1M in Essential Oils, becoming the 34th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 747th most imported product in Vietnam. Vietnam imports Essential Oils primarily from: India ($5.82M), Malaysia ($3.7M), United States ($2.07M), China ($1.98M), and Singapore ($1.46M).

The fastest growing import markets in Essential Oils for Vietnam between 2021 and 2022 were Malaysia ($3.42M), India ($390k), and Thailand ($195k).

COMPANIES In 2023, leading companies such as Lollicup (39) and Cotton On (1) were at the forefront of shipping Essential Oils 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 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 (2022)$23.6M
IMPORTS (2022)$19.1M
NET TRADE (2022)$4.5M

In 2022, Vietnam exported $23.6M in Essential Oils. The main destinations of Vietnam exports on Essential Oils were China ($12.3M), United States ($2.77M), Mexico ($1.82M), France ($1.23M), and Sri Lanka ($1.13M).

In 2022, Vietnam imported $19.1M in Essential Oils, mainly from India ($5.82M), Malaysia ($3.7M), United States ($2.07M), China ($1.98M), and Singapore ($1.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$877k (7.7%)
Netherlands$353k (242%)
France$304k (32.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Vietnam WERE (2021 - 2022):
Mexico-$915k (-33.5%)
Sri Lanka-$535k (-32.2%)
United States-$487k (-15%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Essential Oils were:
In 2022, 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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