2022
Exports
$3.63BWorld Rnk 3 / 221
Flag Rnk 23 / 1176
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits
-1.17Rnk 874 / 1025
2022
Imports
$220MWorld Rnk 40 / 225
Flag Rnk 261 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $3.63B in Non-Knit Men's Suits, making it the 3rd largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 23rd most exported product in Vietnam. The main destination of Non-Knit Men's Suits exports from Vietnam are: United States ($1.42B), Japan ($444M), South Korea ($440M), Germany ($171M), and Netherlands ($130M).

The fastest growing export markets for Non-Knit Men's Suits of Vietnam between 2021 and 2022 were United States ($357M), Japan ($97.4M), and United Kingdom ($60.8M).

Imports In 2022, Vietnam imported $220M in Non-Knit Men's Suits, becoming the 40th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 261st most imported product in Vietnam. Vietnam imports Non-Knit Men's Suits primarily from: China ($186M), Singapore ($6.39M), Bangladesh ($4.09M), Cambodia ($3.26M), and Hong Kong ($2.86M).

The fastest growing import markets in Non-Knit Men's Suits for Vietnam between 2021 and 2022 were China ($78M), Cambodia ($2.06M), and United Kingdom ($1.17M).

COMPANIES In 2023, leading companies such as Old Navy (371), Gap (98), and Banana Republic (91) were at the forefront of shipping Non-Knit Men's Suits from Vietnam to the United States.

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 Non-Knit Men's Suits. 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)$3.63B
IMPORTS (2022)$220M
NET TRADE (2022)$3.41B

In 2022, Vietnam exported $3.63B in Non-Knit Men's Suits. The main destinations of Vietnam exports on Non-Knit Men's Suits were United States ($1.42B), Japan ($444M), South Korea ($440M), Germany ($171M), and Netherlands ($130M).

In 2022, Vietnam imported $220M in Non-Knit Men's Suits, mainly from China ($186M), Singapore ($6.39M), Bangladesh ($4.09M), Cambodia ($3.26M), and Hong Kong ($2.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$357M (33.6%)
Japan$97.4M (28.1%)
United Kingdom$60.8M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Vietnam WERE (2021 - 2022):
Russia-$6.16M (-17%)
Austria-$5.65M (-55.7%)
Switzerland-$4.54M (-12.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Non-Knit Men's Suits were:
In 2022, Vietnam's main importing competitors in Non-Knit Men's Suits were:

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $95.2M
TOP IMPORT POTENTIALChina+ $50.6M

Non-Knit Men's Suits’s highest export potential is China. With an export gap of $95.2M.   Non-Knit Men's Suits’s highest import potential is China with an import gap of $50.6M.

See methodology.

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