2022
Exports
$787MWorld Rnk 12 / 195
Flag Rnk 49 / 96
2022
PRODUCT COMPLEXITY IN Man-made staple fibres
1.12Rnk 127 / 1025
2022
Imports
$2.11BWorld Rnk 3 / 218
Flag Rnk 29 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $787M in Man-made staple fibres, making it the 12th largest exporter of Man-made staple fibres in the world. At the same year, Man-made staple fibres was the 49th most exported product in Vietnam. The main destination of Man-made staple fibres exports from Vietnam are: South Korea ($86.1M), United States ($65.1M), Egypt ($56.3M), Philippines ($53.6M), and Colombia ($47.8M).

The fastest growing export markets for Man-made staple fibres of Vietnam between 2021 and 2022 were Philippines ($41.1M), Cambodia ($22.5M), and Malaysia ($7.23M).

Imports In 2022, Vietnam imported $2.11B in Man-made staple fibres, becoming the 3rd largest importer of Man-made staple fibres in the world. At the same year, Man-made staple fibres was the 29th most imported product in Vietnam. Vietnam imports Man-made staple fibres primarily from: China ($1.23B), South Korea ($234M), Chinese Taipei ($152M), Japan ($115M), and Indonesia ($85.6M).

The fastest growing import markets in Man-made staple fibres for Vietnam between 2021 and 2022 were Japan ($12.9M), India ($11.9M), and Thailand ($11M).

COMPANIES In 2023, leading companies such as Home Depot (191), Old Navy (133), and Hyosung (121) were at the forefront of shipping Man-made staple fibres 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 Man-made staple fibres. 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)$787M
IMPORTS (2022)$2.11B
NET TRADE (2022)-$1.33B

In 2022, Vietnam exported $787M in Man-made staple fibres. The main destinations of Vietnam exports on Man-made staple fibres were South Korea ($86.1M), United States ($65.1M), Egypt ($56.3M), Philippines ($53.6M), and Colombia ($47.8M).

In 2022, Vietnam imported $2.11B in Man-made staple fibres, mainly from China ($1.23B), South Korea ($234M), Chinese Taipei ($152M), Japan ($115M), and Indonesia ($85.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Man-made staple fibres EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Philippines$41.1M (329%)
Cambodia$22.5M (130%)
Malaysia$7.23M (64.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Man-made staple fibres BY Vietnam WERE (2021 - 2022):
China-$12.3M (-22.1%)
United States-$12.1M (-15.6%)
Brazil-$6.02M (-13.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Man-made staple fibres were:
In 2022, Vietnam's main importing competitors in Man-made staple fibres were:

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Trade Value of Man-made staple fibres by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.9M
TOP IMPORT POTENTIALChina+ $75.9M

Man-made staple fibres’s highest export potential is China. With an export gap of $35.9M.   Man-made staple fibres’s highest import potential is China with an import gap of $75.9M.

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