2022
Exports
$1.1BWorld Rnk 26 / 175
Flag Rnk 39 / 96
2022
PRODUCT COMPLEXITY IN Fertilizers
-0.82Rnk 785 / 1025
2022
Imports
$1.47BWorld Rnk 23 / 223
Flag Rnk 44 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.1B in Fertilizers, making it the 26th largest exporter of Fertilizers in the world. At the same year, Fertilizers was the 39th most exported product in Vietnam. The main destination of Fertilizers exports from Vietnam are: Cambodia ($253M), India ($240M), Malaysia ($91M), Indonesia ($87.9M), and South Korea ($68.8M).

The fastest growing export markets for Fertilizers of Vietnam between 2021 and 2022 were India ($233M), Malaysia ($57.1M), and Cambodia ($44.8M).

Imports In 2022, Vietnam imported $1.47B in Fertilizers, becoming the 23rd largest importer of Fertilizers in the world. At the same year, Fertilizers was the 44th most imported product in Vietnam. Vietnam imports Fertilizers primarily from: China ($643M), Russia ($178M), Israel ($121M), Laos ($82.2M), and Canada ($81.3M).

The fastest growing import markets in Fertilizers for Vietnam between 2021 and 2022 were Laos ($52.3M), Canada ($30.4M), and Japan ($14.4M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (4) and LG Electronics (1) were at the forefront of shipping Fertilizers 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 Fertilizers. 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)$1.1B
IMPORTS (2022)$1.47B
NET TRADE (2022)-$370M

In 2022, Vietnam exported $1.1B in Fertilizers. The main destinations of Vietnam exports on Fertilizers were Cambodia ($253M), India ($240M), Malaysia ($91M), Indonesia ($87.9M), and South Korea ($68.8M).

In 2022, Vietnam imported $1.47B in Fertilizers, mainly from China ($643M), Russia ($178M), Israel ($121M), Laos ($82.2M), and Canada ($81.3M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Fertilizers EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$233M (3.34k%)
Malaysia$57.1M (168%)
Cambodia$44.8M (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fertilizers BY Vietnam WERE (2021 - 2022):
Mozambique-$17.9M (-67%)
Bangladesh-$14.2M (-100%)
Nepal-$7.91M (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Fertilizers were:
Russia $18.7B
Canada $14.5B
China $12.7B
In 2022, Vietnam's main importing competitors in Fertilizers were:

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Trade Value of Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $49.9M
TOP IMPORT POTENTIALChina+ $103M

Fertilizers’s highest export potential is India. With an export gap of $49.9M.   Fertilizers’s highest import potential is China with an import gap of $103M.

See methodology.

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