2023
Exports
$17.4MWorld Rnk 16 / 169
Flag Rnk 538 / 1173
2023
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.65Rnk 965 / 1025
2023
Imports
$38.6MWorld Rnk 10 / 202
Flag Rnk 574 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $17.4M in Locust beans, seaweed, sugar beet, cane, for food, making it the 16th largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 538th most exported product in Vietnam. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Vietnam are: China ($9.76M), United States ($3.49M), Thailand ($2.41M), Australia ($383k), and Singapore ($288k).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Vietnam between 2022 and 2023 were Thailand ($536k), Australia ($304k), and Bolivia ($21.7k).

Imports In 2023, Vietnam imported $38.6M in Locust beans, seaweed, sugar beet, cane, for food, becoming the 10th largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 574th most imported product in Vietnam. Vietnam imports Locust beans, seaweed, sugar beet, cane, for food primarily from: China ($31.1M), Spain ($3.56M), Cambodia ($1.16M), Italy ($836k), and Hungary ($614k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Vietnam between 2022 and 2023 were China ($20M), Italy ($788k), and Tanzania ($314k).

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 Locust beans, seaweed, sugar beet, cane, for food. 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)$17.4M
IMPORTS (2023)$38.6M
NET TRADE (2023)-$21.2M

In 2023, Vietnam exported $17.4M in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Vietnam exports on Locust beans, seaweed, sugar beet, cane, for food were China ($9.76M), United States ($3.49M), Thailand ($2.41M), Australia ($383k), and Singapore ($288k).

In 2023, Vietnam imported $38.6M in Locust beans, seaweed, sugar beet, cane, for food, mainly from China ($31.1M), Spain ($3.56M), Cambodia ($1.16M), Italy ($836k), and Hungary ($614k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Thailand$536k (28.6%)
Australia$304k (381%)
Bolivia$21.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Vietnam WERE (2022 - 2023):
China-$9.29M (-48.8%)
South Korea-$413k (-100%)
United States-$237k (-6.36%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
China $500M
Nigeria $70.3M
Laos $65.9M
In 2023, Vietnam's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $10.7M
TOP IMPORT POTENTIALChina+ $8.86M

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is China. With an export gap of $10.7M.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is China with an import gap of $8.86M.

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