2022
Exports
$152MWorld Rnk 27 / 180
Flag Rnk 253 / 1176
2022
PRODUCT COMPLEXITY IN Malt Extract
0.015Rnk 542 / 1025
2022
Imports
$459MWorld Rnk 12 / 224
Flag Rnk 145 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $152M in Malt Extract, making it the 27th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 253rd most exported product in Vietnam. The main destination of Malt Extract exports from Vietnam are: Iraq ($94.3M), United States ($23.1M), Japan ($8.81M), China ($5.14M), and Chinese Taipei ($2.49M).

The fastest growing export markets for Malt Extract of Vietnam between 2021 and 2022 were United States ($7.09M), Japan ($1.47M), and New Zealand ($1.15M).

Imports In 2022, Vietnam imported $459M in Malt Extract, becoming the 12th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 145th most imported product in Vietnam. Vietnam imports Malt Extract primarily from: Japan ($80.6M), Thailand ($78.3M), Singapore ($63.3M), Malaysia ($55.8M), and Australia ($40.2M).

The fastest growing import markets in Malt Extract for Vietnam between 2021 and 2022 were Malaysia ($10.9M), China ($5.4M), and Sweden ($5.18M).

COMPANIES In 2023, leading companies such as Old Navy (18), American Omni Trading Company (9), and IKEA Group (2) were at the forefront of shipping Malt Extract from Vietnam to the United States.

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 Malt Extract. 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)$152M
IMPORTS (2022)$459M
NET TRADE (2022)-$307M

In 2022, Vietnam exported $152M in Malt Extract. The main destinations of Vietnam exports on Malt Extract were Iraq ($94.3M), United States ($23.1M), Japan ($8.81M), China ($5.14M), and Chinese Taipei ($2.49M).

In 2022, Vietnam imported $459M in Malt Extract, mainly from Japan ($80.6M), Thailand ($78.3M), Singapore ($63.3M), Malaysia ($55.8M), and Australia ($40.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$7.09M (44.3%)
Japan$1.47M (20%)
New Zealand$1.15M (547%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY Vietnam WERE (2021 - 2022):
Iraq-$61.5M (-39.5%)
Turkey-$557k (-19.3%)
Burma-$470k (-46.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Malt Extract were:
In 2022, Vietnam's main importing competitors in Malt Extract were:

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.2M
TOP IMPORT POTENTIALChina+ $9.19M

Malt Extract’s highest export potential is China. With an export gap of $14.2M.   Malt Extract’s highest import potential is China with an import gap of $9.19M.

See methodology.

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