2022
Exports
$196MWorld Rnk 7 / 203
Flag Rnk 220 / 1176
2022
PRODUCT COMPLEXITY IN Other Wood Articles
-0.26Rnk 632 / 1025
2022
Imports
$111MWorld Rnk 19 / 225
Flag Rnk 396 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $196M in Other Wood Articles, making it the 7th largest exporter of Other Wood Articles in the world. At the same year, Other Wood Articles was the 220th most exported product in Vietnam. The main destination of Other Wood Articles exports from Vietnam are: United States ($74.2M), Japan ($41.8M), Germany ($13.3M), South Korea ($8.82M), and Australia ($6.32M).

The fastest growing export markets for Other Wood Articles of Vietnam between 2021 and 2022 were United States ($37.3M), Canada ($2.84M), and Australia ($1.94M).

Imports In 2022, Vietnam imported $111M in Other Wood Articles, becoming the 19th largest importer of Other Wood Articles in the world. At the same year, Other Wood Articles was the 396th most imported product in Vietnam. Vietnam imports Other Wood Articles primarily from: China ($108M), Japan ($376k), Chinese Taipei ($329k), South Korea ($248k), and France ($238k).

The fastest growing import markets in Other Wood Articles for Vietnam between 2021 and 2022 were China ($3.04M), France ($196k), and Malaysia ($192k).

COMPANIES In 2023, leading companies such as LG Electronics (2.1k), IKEA Group (23), and Home Depot (8) were at the forefront of shipping Other Wood 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 Wood 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)$196M
IMPORTS (2022)$111M
NET TRADE (2022)$85.2M

In 2022, Vietnam exported $196M in Other Wood Articles. The main destinations of Vietnam exports on Other Wood Articles were United States ($74.2M), Japan ($41.8M), Germany ($13.3M), South Korea ($8.82M), and Australia ($6.32M).

In 2022, Vietnam imported $111M in Other Wood Articles, mainly from China ($108M), Japan ($376k), Chinese Taipei ($329k), South Korea ($248k), and France ($238k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Wood Articles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$37.3M (101%)
Canada$2.84M (119%)
Australia$1.94M (44.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Wood Articles BY Vietnam WERE (2021 - 2022):
Japan-$5.41M (-11.5%)
United Kingdom-$1.79M (-33.2%)
Germany-$1.61M (-10.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Other Wood Articles were:
China $4.03B
In 2022, Vietnam's main importing competitors in Other Wood Articles were:

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Trade Value of Other Wood Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.41M
TOP IMPORT POTENTIALChina+ $22M

Other Wood Articles’s highest export potential is United States. With an export gap of $9.41M.   Other Wood Articles’s highest import potential is China with an import gap of $22M.

See methodology.

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