2023
Exports
$331MWorld Rnk 3 / 190
Flag Rnk 144 / 1173
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$43.8MWorld Rnk 26 / 222
Flag Rnk 550 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $331M in Packing Bags, making it the 3rd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 144th most exported product in Vietnam. The main destination of Packing Bags exports from Vietnam are: Japan ($101M), Thailand ($27.7M), United States ($27.5M), Philippines ($22.4M), and Cambodia ($22.4M).

The fastest growing export markets for Packing Bags of Vietnam between 2022 and 2023 were Indonesia ($1.91M), Poland ($1.03M), and Singapore ($966k).

Imports In 2023, Vietnam imported $43.8M in Packing Bags, becoming the 26th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 550th most imported product in Vietnam. Vietnam imports Packing Bags primarily from: China ($25M), Cote d'Ivoire ($5.6M), United States ($3.16M), United Kingdom ($1.98M), and Australia ($1.16M).

The fastest growing import markets in Packing Bags for Vietnam between 2022 and 2023 were Cote d'Ivoire ($4.89M), United Kingdom ($1.53M), and United States ($1.32M).

COMPANIES In 2024, leading companies such as Samsung (6) were at the forefront of shipping Packing Bags 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 Packing Bags. 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)$331M
IMPORTS (2023)$43.8M
NET TRADE (2023)$287M

In 2023, Vietnam exported $331M in Packing Bags. The main destinations of Vietnam exports on Packing Bags were Japan ($101M), Thailand ($27.7M), United States ($27.5M), Philippines ($22.4M), and Cambodia ($22.4M).

In 2023, Vietnam imported $43.8M in Packing Bags, mainly from China ($25M), Cote d'Ivoire ($5.6M), United States ($3.16M), United Kingdom ($1.98M), and Australia ($1.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Indonesia$1.91M (37.7%)
Poland$1.03M (193%)
Singapore$966k (10.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Vietnam WERE (2022 - 2023):
South Korea-$247M (-100%)
Japan-$14.2M (-12.3%)
United States-$9.99M (-26.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
In 2023, Vietnam's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.2M
TOP IMPORT POTENTIALChina+ $9.8M

Packing Bags’s highest export potential is United States. With an export gap of $16.2M.   Packing Bags’s highest import potential is China with an import gap of $9.8M.

See methodology.

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