2023
Exports
$1.57BWorld Rnk 27 / 207
Flag Rnk 28 / 96
2023
PRODUCT COMPLEXITY IN Inorganic chemicals
1.54Rnk 38 / 1025
2023
Imports
$3.05BWorld Rnk 17 / 226
Flag Rnk 19 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $1.57B in Inorganic chemicals, making it the 27th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 28th most exported product in Vietnam. The main destination of Inorganic chemicals exports from Vietnam are: India ($438M), Japan ($250M), China ($214M), United Arab Emirates ($138M), and Indonesia ($130M).

The fastest growing export markets for Inorganic chemicals of Vietnam between 2022 and 2023 were Indonesia ($105M), United Kingdom ($24.8M), and Turkey ($9.36M).

Imports In 2023, Vietnam imported $3.05B in Inorganic chemicals, becoming the 17th largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 19th most imported product in Vietnam. Vietnam imports Inorganic chemicals primarily from: China ($1.12B), United States ($576M), Germany ($420M), Japan ($214M), and Malaysia ($200M).

The fastest growing import markets in Inorganic chemicals for Vietnam between 2022 and 2023 were Germany ($220M), Hong Kong ($25.4M), and Japan ($17.1M).

COMPANIES In 2024, leading companies such as Cooper Lighting Solutions (16), Euromarket Designs (6), and REI (Recreational Equipment Incorporated) (6) were at the forefront of shipping Inorganic chemicals 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 Inorganic chemicals. 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)$1.57B
IMPORTS (2023)$3.05B
NET TRADE (2023)-$1.48B

In 2023, Vietnam exported $1.57B in Inorganic chemicals. The main destinations of Vietnam exports on Inorganic chemicals were India ($438M), Japan ($250M), China ($214M), United Arab Emirates ($138M), and Indonesia ($130M).

In 2023, Vietnam imported $3.05B in Inorganic chemicals, mainly from China ($1.12B), United States ($576M), Germany ($420M), Japan ($214M), and Malaysia ($200M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Indonesia$105M (427%)
United Kingdom$24.8M (162%)
Turkey$9.36M (1.43k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Vietnam WERE (2022 - 2023):
Japan-$258M (-50.8%)
India-$256M (-36.8%)
South Korea-$183M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Inorganic chemicals were:
In 2023, Vietnam's main importing competitors in Inorganic chemicals were:

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $147M
TOP IMPORT POTENTIALChina+ $205M

Inorganic chemicals’s highest export potential is China. With an export gap of $147M.   Inorganic chemicals’s highest import potential is China with an import gap of $205M.

See methodology.

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