2022
Exports
$219MWorld Rnk 57 / 217
Flag Rnk 205 / 1176
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$3.35BWorld Rnk 25 / 224
Flag Rnk 16 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $219M in Packaged Medicaments, making it the 57th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 205th most exported product in Vietnam. The main destination of Packaged Medicaments exports from Vietnam are: Japan ($52.7M), Cyprus ($31.4M), Cambodia ($21.4M), Philippines ($15.5M), and Burma ($11.2M).

The fastest growing export markets for Packaged Medicaments of Vietnam between 2021 and 2022 were Japan ($26M), Philippines ($8.34M), and United States ($6.25M).

Imports In 2022, Vietnam imported $3.35B in Packaged Medicaments, becoming the 25th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 16th most imported product in Vietnam. Vietnam imports Packaged Medicaments primarily from: Belgium ($1.44B), India ($274M), France ($217M), Germany ($209M), and South Korea ($125M).

The fastest growing import markets in Packaged Medicaments for Vietnam between 2021 and 2022 were Belgium ($1.3B), India ($105M), and Australia ($27.7M).

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 Packaged Medicaments. 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)$219M
IMPORTS (2022)$3.35B
NET TRADE (2022)-$3.13B

In 2022, Vietnam exported $219M in Packaged Medicaments. The main destinations of Vietnam exports on Packaged Medicaments were Japan ($52.7M), Cyprus ($31.4M), Cambodia ($21.4M), Philippines ($15.5M), and Burma ($11.2M).

In 2022, Vietnam imported $3.35B in Packaged Medicaments, mainly from Belgium ($1.44B), India ($274M), France ($217M), Germany ($209M), and South Korea ($125M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$26M (97.4%)
Philippines$8.34M (116%)
United States$6.25M (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Vietnam WERE (2021 - 2022):
Bulgaria-$5.47M (-76.4%)
Russia-$3.08M (-98.9%)
Belarus-$1.45M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Packaged Medicaments were:
In 2022, Vietnam's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $29.6M
TOP IMPORT POTENTIALIndia+ $154M

Packaged Medicaments’s highest export potential is Japan. With an export gap of $29.6M.   Packaged Medicaments’s highest import potential is India with an import gap of $154M.

See methodology.

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