2022
Exports
$24.9MWorld Rnk 16 / 166
Flag Rnk 518 / 1176
2022
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.76Rnk 977 / 1025
2022
Imports
$102MWorld Rnk 6 / 197
Flag Rnk 417 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $24.9M 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 518th most exported product in Vietnam. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Vietnam are: China ($18.1M), Thailand ($1.91M), United States ($1.41M), Chinese Taipei ($749k), and Malaysia ($623k).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Vietnam between 2021 and 2022 were China ($4.61M), Chinese Taipei ($735k), and Malaysia ($617k).

Imports In 2022, Vietnam imported $102M in Locust beans, seaweed, sugar beet, cane, for food, becoming the 6th 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 417th most imported product in Vietnam. Vietnam imports Locust beans, seaweed, sugar beet, cane, for food primarily from: Cambodia ($51.7M), China ($38.5M), Spain ($5.73M), Algeria ($1.78M), and India ($1.46M).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Vietnam between 2021 and 2022 were Cambodia ($40.5M), China ($8.21M), and Spain ($2.2M).

Latest Trends

Oct 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 (2022)$24.9M
IMPORTS (2022)$102M
NET TRADE (2022)-$77M

In 2022, Vietnam exported $24.9M 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 ($18.1M), Thailand ($1.91M), United States ($1.41M), Chinese Taipei ($749k), and Malaysia ($623k).

In 2022, Vietnam imported $102M in Locust beans, seaweed, sugar beet, cane, for food, mainly from Cambodia ($51.7M), China ($38.5M), Spain ($5.73M), Algeria ($1.78M), and India ($1.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$4.61M (34.2%)
Chinese Taipei$735k (5.06k%)
Malaysia$617k (9.41k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Vietnam WERE (2021 - 2022):
United States-$577k (-29%)
Cambodia-$340k (-100%)
Saudi Arabia-$75.6k (-61.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
In 2022, Vietnam's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:
Italy $253M
China $202M
Spain $182M

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

Potential Exports

Potential Exports

Flow
View
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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