2022
Exports
$153MWorld Rnk 14 / 141
Flag Rnk 250 / 1176
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$17.6MWorld Rnk 34 / 186
Flag Rnk 760 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

The fastest growing export markets for Inedible Fats and Oils of Vietnam between 2021 and 2022 were Netherlands ($41.1M), Malaysia ($41.1M), and South Korea ($9.14M).

Imports In 2022, Vietnam imported $17.6M in Inedible Fats and Oils, becoming the 34th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 760th most imported product in Vietnam. Vietnam imports Inedible Fats and Oils primarily from: China ($6.7M), Chinese Taipei ($2.77M), Indonesia ($1.98M), Thailand ($1.06M), and India ($1.02M).

The fastest growing import markets in Inedible Fats and Oils for Vietnam between 2021 and 2022 were China ($1.89M), Saudi Arabia ($582k), and Israel ($447k).

Latest Trends

Nov 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 Inedible Fats and 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)$153M
IMPORTS (2022)$17.6M
NET TRADE (2022)$136M

In 2022, Vietnam imported $17.6M in Inedible Fats and Oils, mainly from China ($6.7M), Chinese Taipei ($2.77M), Indonesia ($1.98M), Thailand ($1.06M), and India ($1.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Netherlands$41.1M (63.5k%)
Malaysia$41.1M (101%)
South Korea$9.14M (14k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Vietnam WERE (2021 - 2022):
Singapore-$8.37M (-80.7%)
Spain-$872k (-11.2%)
China-$259k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Inedible Fats and Oils were:
In 2022, Vietnam's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $3.93M
TOP IMPORT POTENTIALChina+ $5.72M

Inedible Fats and Oils’s highest export potential is Spain. With an export gap of $3.93M.   Inedible Fats and Oils’s highest import potential is China with an import gap of $5.72M.

See methodology.

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