2022
Exports
$2.38BWorld Rnk 26 / 210
Flag Rnk 25 / 96
2022
PRODUCT COMPLEXITY IN Inorganic chemicals
1.72Rnk 21 / 1025
2022
Imports
$3.43BWorld Rnk 21 / 225
Flag Rnk 22 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $2.38B in Inorganic chemicals, making it the 26th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 25th most exported product in Vietnam. The main destination of Inorganic chemicals exports from Vietnam are: India ($613M), Japan ($509M), China ($278M), South Korea ($183M), and United Arab Emirates ($108M).

The fastest growing export markets for Inorganic chemicals of Vietnam between 2021 and 2022 were Japan ($165M), India ($134M), and South Korea ($63.5M).

Imports In 2022, Vietnam imported $3.43B in Inorganic chemicals, becoming the 21st largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 22nd most imported product in Vietnam. Vietnam imports Inorganic chemicals primarily from: China ($1.28B), United States ($596M), Malaysia ($285M), South Korea ($220M), and Germany ($201M).

The fastest growing import markets in Inorganic chemicals for Vietnam between 2021 and 2022 were United States ($386M), China ($322M), and Germany ($153M).

COMPANIES In 2023, leading companies such as Home Depot (26), Costco Wholesale (8), and Gap (7) were at the forefront of shipping Inorganic chemicals 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 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 (2022)$2.38B
IMPORTS (2022)$3.43B
NET TRADE (2022)-$1.05B

In 2022, Vietnam exported $2.38B in Inorganic chemicals. The main destinations of Vietnam exports on Inorganic chemicals were India ($613M), Japan ($509M), China ($278M), South Korea ($183M), and United Arab Emirates ($108M).

In 2022, Vietnam imported $3.43B in Inorganic chemicals, mainly from China ($1.28B), United States ($596M), Malaysia ($285M), South Korea ($220M), and Germany ($201M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$165M (48.2%)
India$134M (27.9%)
South Korea$63.5M (53.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Vietnam WERE (2021 - 2022):
Indonesia-$25M (-61%)
Thailand-$12.6M (-36.5%)
Canada-$10.1M (-20.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Inorganic chemicals were:
In 2022, 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
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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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