2022
Exports
$4.93MWorld Rnk 26 / 153
Flag Rnk 750 / 1176
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$25.3MWorld Rnk 8 / 197
Flag Rnk 689 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $4.93M in Insect Resins, making it the 26th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 750th most exported product in Vietnam. The main destination of Insect Resins exports from Vietnam are: India ($3.03M), China ($890k), France ($329k), Spain ($281k), and Philippines ($237k).

The fastest growing export markets for Insect Resins of Vietnam between 2021 and 2022 were China ($379k), India ($207k), and France ($151k).

Imports In 2022, Vietnam imported $25.3M in Insect Resins, becoming the 8th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 689th most imported product in Vietnam. Vietnam imports Insect Resins primarily from: Indonesia ($12.7M), Kenya ($4.07M), Nicaragua ($2.22M), Republic of the Congo ($922k), and South Africa ($796k).

The fastest growing import markets in Insect Resins for Vietnam between 2021 and 2022 were Nicaragua ($781k), China ($545k), and Japan ($432k).

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 Insect Resins. 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)$4.93M
IMPORTS (2022)$25.3M
NET TRADE (2022)-$20.4M

In 2022, Vietnam exported $4.93M in Insect Resins. The main destinations of Vietnam exports on Insect Resins were India ($3.03M), China ($890k), France ($329k), Spain ($281k), and Philippines ($237k).

In 2022, Vietnam imported $25.3M in Insect Resins, mainly from Indonesia ($12.7M), Kenya ($4.07M), Nicaragua ($2.22M), Republic of the Congo ($922k), and South Africa ($796k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$379k (74.2%)
India$207k (7.33%)
France$151k (84.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Vietnam WERE (2021 - 2022):
New Zealand-$166k (-99.9%)
Gambia-$19.8k (-100%)
Chinese Taipei-$9.16k (-87.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Insect Resins were:
In 2022, Vietnam's main importing competitors in Insect Resins were:

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $788k
TOP IMPORT POTENTIALChina+ $485k

Insect Resins’s highest export potential is China. With an export gap of $788k.   Insect Resins’s highest import potential is China with an import gap of $485k.

See methodology.

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