2022
Exports
$288MWorld Rnk 38 / 217
Flag Rnk 62 / 96
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.08Rnk 144 / 1025
2022
Imports
$1.95BWorld Rnk 16 / 225
Flag Rnk 32 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $288M in Paints, dyes, & varnishes, making it the 38th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 62nd most exported product in Vietnam. The main destination of Paints, dyes, & varnishes exports from Vietnam are: Indonesia ($56M), Singapore ($29M), Cambodia ($22.7M), United Arab Emirates ($18.5M), and China ($17.9M).

The fastest growing export markets for Paints, dyes, & varnishes of Vietnam between 2021 and 2022 were United Arab Emirates ($7.79M), Singapore ($6.28M), and Thailand ($5.08M).

Imports In 2022, Vietnam imported $1.95B in Paints, dyes, & varnishes, becoming the 16th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 32nd most imported product in Vietnam. Vietnam imports Paints, dyes, & varnishes primarily from: China ($728M), South Korea ($270M), Chinese Taipei ($205M), Japan ($138M), and India ($84.3M).

The fastest growing import markets in Paints, dyes, & varnishes for Vietnam between 2021 and 2022 were South Korea ($12.2M), India ($9.59M), and Malaysia ($8.33M).

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 Paints, dyes, & varnishes. 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)$288M
IMPORTS (2022)$1.95B
NET TRADE (2022)-$1.66B

In 2022, Vietnam exported $288M in Paints, dyes, & varnishes. The main destinations of Vietnam exports on Paints, dyes, & varnishes were Indonesia ($56M), Singapore ($29M), Cambodia ($22.7M), United Arab Emirates ($18.5M), and China ($17.9M).

In 2022, Vietnam imported $1.95B in Paints, dyes, & varnishes, mainly from China ($728M), South Korea ($270M), Chinese Taipei ($205M), Japan ($138M), and India ($84.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Singapore$6.28M (27.6%)
Thailand$5.08M (64.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Vietnam WERE (2021 - 2022):
Hong Kong-$3.83M (-68.7%)
Philippines-$3.11M (-28.2%)
United States-$2.71M (-38%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Paints, dyes, & varnishes were:
In 2022, Vietnam's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $26.6M
TOP IMPORT POTENTIALChina+ $131M

Paints, dyes, & varnishes’s highest export potential is China. With an export gap of $26.6M.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $131M.

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