2023
Exports
$741MWorld Rnk 46 / 215
Flag Rnk 43 / 96
2023
PRODUCT COMPLEXITY IN Organic chemicals
1.84Rnk 10 / 1025
2023
Imports
$4.47BWorld Rnk 26 / 225
Flag Rnk 11 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $741M in Organic chemicals, making it the 46th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 43rd most exported product in Vietnam. The main destination of Organic chemicals exports from Vietnam are: China ($281M), Chinese Taipei ($120M), Japan ($56.4M), Thailand ($44.5M), and Malaysia ($38.9M).

The fastest growing export markets for Organic chemicals of Vietnam between 2022 and 2023 were Ukraine ($15.4M), Thailand ($14.3M), and Indonesia ($13.5M).

Imports In 2023, Vietnam imported $4.47B in Organic chemicals, becoming the 26th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 11th most imported product in Vietnam. Vietnam imports Organic chemicals primarily from: China ($2.36B), Chinese Taipei ($521M), Thailand ($277M), Singapore ($268M), and Japan ($258M).

The fastest growing import markets in Organic chemicals for Vietnam between 2022 and 2023 were Australia ($7.3M), China ($6.48M), and Denmark ($681k).

COMPANIES In 2024, leading companies such as IKEA Group (279), Cali Bamboo Flooring (259), and CITY Furniture (136) were at the forefront of shipping Organic chemicals from Vietnam to the United States.

Latest Trends

Dec 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 Organic chemicals. 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 (2023)$741M
IMPORTS (2023)$4.47B
NET TRADE (2023)-$3.73B

In 2023, Vietnam exported $741M in Organic chemicals. The main destinations of Vietnam exports on Organic chemicals were China ($281M), Chinese Taipei ($120M), Japan ($56.4M), Thailand ($44.5M), and Malaysia ($38.9M).

In 2023, Vietnam imported $4.47B in Organic chemicals, mainly from China ($2.36B), Chinese Taipei ($521M), Thailand ($277M), Singapore ($268M), and Japan ($258M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Ukraine$15.4M (9.96k%)
Thailand$14.3M (47.4%)
Indonesia$13.5M (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Vietnam WERE (2022 - 2023):
China-$153M (-35.2%)
Chinese Taipei-$36.9M (-23.4%)
Cambodia-$14.7M (-56.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Organic chemicals were:
In 2023, Vietnam's main importing competitors in Organic chemicals were:

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $217M
TOP IMPORT POTENTIALChina+ $777M

Organic chemicals’s highest export potential is China. With an export gap of $217M.   Organic chemicals’s highest import potential is China with an import gap of $777M.

See methodology.

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