2018
Exports
$42.1MWorld Rnk 53 / 203
Flag Rnk 429 / 1176
2022
PRODUCT COMPLEXITY IN Hard Liquor
-0.52Rnk 708 / 1025
2018
Imports
$334MWorld Rnk 26 / 224
Flag Rnk 192 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2018, Vietnam exported $42.1M in Hard Liquor, making it the 53rd largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 429th most exported product in Vietnam. The main destination of Hard Liquor exports from Vietnam are: Hong Kong ($19.2M), Japan ($10M), Thailand ($4.92M), Philippines ($2.49M), and Singapore ($1.23M).

The fastest growing export markets for Hard Liquor of Vietnam between 2021 and 2022 were Hong Kong ($18.2M), Thailand ($2.5M), and Philippines ($1.64M).

Imports In 2022, Vietnam imported $334M in Hard Liquor, becoming the 26th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 192nd most imported product in Vietnam. Vietnam imports Hard Liquor primarily from: Singapore ($150M), United Kingdom ($88.9M), China ($14.6M), Hong Kong ($14.3M), and Japan ($11.5M).

The fastest growing import markets in Hard Liquor for Vietnam between 2021 and 2022 were United Kingdom ($45M), South Korea ($2.89M), and Suriname ($2.85M).

COMPANIES In 2023, leading companies such as IKEA Group (1) were at the forefront of shipping Hard Liquor 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 Hard Liquor. 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)$42.1M
IMPORTS (2022)$334M
NET TRADE (2022)-$292M

In 2022, Vietnam exported $42.1M in Hard Liquor. The main destinations of Vietnam exports on Hard Liquor were Hong Kong ($19.2M), Japan ($10M), Thailand ($4.92M), Philippines ($2.49M), and Singapore ($1.23M).

In 2022, Vietnam imported $334M in Hard Liquor, mainly from Singapore ($150M), United Kingdom ($88.9M), China ($14.6M), Hong Kong ($14.3M), and Japan ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Hong Kong$18.2M (1.84k%)
Thailand$2.5M (104%)
Philippines$1.64M (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Vietnam WERE (2021 - 2022):
Japan-$656k (-6.14%)
Malaysia-$324k (-100%)
United Kingdom-$163k (-89.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.56M
TOP IMPORT POTENTIALChina+ $12.8M

Hard Liquor’s highest export potential is Japan. With an export gap of $2.56M.   Hard Liquor’s highest import potential is China with an import gap of $12.8M.

See methodology.

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