2022
Exports
$831MWorld Rnk 4 / 220
Flag Rnk 84 / 1176
2022
PRODUCT COMPLEXITY IN Other Cloth Articles
-1.53Rnk 950 / 1025
2022
Imports
$227MWorld Rnk 22 / 226
Flag Rnk 254 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $831M in Other Cloth Articles, making it the 4th largest exporter of Other Cloth Articles in the world. At the same year, Other Cloth Articles was the 84th most exported product in Vietnam. The main destination of Other Cloth Articles exports from Vietnam are: United States ($262M), Germany ($104M), Japan ($92.1M), South Korea ($46.2M), and United Kingdom ($36.4M).

The fastest growing export markets for Other Cloth Articles of Vietnam between 2021 and 2022 were Germany ($20.4M), Romania ($13.1M), and Poland ($11.1M).

Imports In 2022, Vietnam imported $227M in Other Cloth Articles, becoming the 22nd largest importer of Other Cloth Articles in the world. At the same year, Other Cloth Articles was the 254th most imported product in Vietnam. Vietnam imports Other Cloth Articles primarily from: China ($173M), Chinese Taipei ($17.9M), South Korea ($15.2M), Japan ($11.4M), and United States ($2.03M).

The fastest growing import markets in Other Cloth Articles for Vietnam between 2021 and 2022 were Chinese Taipei ($909k), Philippines ($341k), and Malaysia ($254k).

COMPANIES In 2023, leading companies such as IKEA Group (257), Michael Kors (31), and Old Navy (20) were at the forefront of shipping Other Cloth Articles 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 Other Cloth Articles. 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)$831M
IMPORTS (2022)$227M
NET TRADE (2022)$603M

In 2022, Vietnam exported $831M in Other Cloth Articles. The main destinations of Vietnam exports on Other Cloth Articles were United States ($262M), Germany ($104M), Japan ($92.1M), South Korea ($46.2M), and United Kingdom ($36.4M).

In 2022, Vietnam imported $227M in Other Cloth Articles, mainly from China ($173M), Chinese Taipei ($17.9M), South Korea ($15.2M), Japan ($11.4M), and United States ($2.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Cloth Articles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Germany$20.4M (24.5%)
Romania$13.1M (630%)
Poland$11.1M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Cloth Articles BY Vietnam WERE (2021 - 2022):
United States-$41.1M (-13.6%)
Russia-$14.2M (-88.9%)
France-$10.2M (-26.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Other Cloth Articles were:
In 2022, Vietnam's main importing competitors in Other Cloth Articles were:

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Trade Value of Other Cloth Articles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $38.6M
TOP IMPORT POTENTIALChina+ $67.5M

Other Cloth Articles’s highest export potential is United States. With an export gap of $38.6M.   Other Cloth Articles’s highest import potential is China with an import gap of $67.5M.

See methodology.

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