2022
Exports
$6.68BWorld Rnk 63 / 220
Flag Rnk 12 / 21
2022
PRODUCT COMPLEXITY IN Mineral Products
0.48Rnk 371 / 1025
2022
Imports
$28.5BWorld Rnk 27 / 226
Flag Rnk 3 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.68B in Mineral Products, making it the 63rd largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 12th most exported product in Vietnam. The main destination of Mineral Products exports from Vietnam are: Cambodia ($1.12B), China ($982M), Thailand ($754M), Japan ($644M), and Australia ($487M).

The fastest growing export markets for Mineral Products of Vietnam between 2021 and 2022 were Cambodia ($455M), Japan ($316M), and Thailand ($183M).

Imports In 2022, Vietnam imported $28.5B in Mineral Products, becoming the 27th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 3rd most imported product in Vietnam. Vietnam imports Mineral Products primarily from: Australia ($6.01B), Kuwait ($5.58B), South Korea ($3.77B), China ($2.31B), and Singapore ($1.91B).

The fastest growing import markets in Mineral Products for Vietnam between 2021 and 2022 were South Korea ($2.54B), Australia ($2.3B), and Kuwait ($1.53B).

COMPANIES In 2023, leading companies such as Samsung (291), Home Depot (68), and Bedrosians Tile & Stone (25) were at the forefront of shipping Mineral Products 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 Mineral Products. 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)$6.68B
IMPORTS (2022)$28.5B
NET TRADE (2022)-$21.9B

In 2022, Vietnam exported $6.68B in Mineral Products. The main destinations of Vietnam exports on Mineral Products were Cambodia ($1.12B), China ($982M), Thailand ($754M), Japan ($644M), and Australia ($487M).

In 2022, Vietnam imported $28.5B in Mineral Products, mainly from Australia ($6.01B), Kuwait ($5.58B), South Korea ($3.77B), China ($2.31B), and Singapore ($1.91B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$455M (68.1%)
Japan$316M (96.4%)
Thailand$183M (32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Vietnam WERE (2021 - 2022):
China-$539M (-35.4%)
Singapore-$198M (-37.7%)
Indonesia-$86.9M (-57.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Mineral Products were:
In 2022, Vietnam's main importing competitors in Mineral Products were:

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $957M
TOP IMPORT POTENTIALChina+ $976M

Mineral Products’s highest export potential is China. With an export gap of $957M.   Mineral Products’s highest import potential is China with an import gap of $976M.

See methodology.

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