2023
Exports
$242MWorld Rnk 38 / 218
Flag Rnk 64 / 96
2023
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.13Rnk 132 / 1025
2023
Imports
$1.3BWorld Rnk 19 / 226
Flag Rnk 43 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $242M 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 64th most exported product in Vietnam. The main destination of Paints, dyes, & varnishes exports from Vietnam are: Indonesia ($40.7M), China ($26.5M), Singapore ($24.4M), United Arab Emirates ($19.1M), and Cambodia ($14.1M).

The fastest growing export markets for Paints, dyes, & varnishes of Vietnam between 2022 and 2023 were China ($7.83M), Australia ($2.23M), and Ethiopia ($1.63M).

Imports In 2023, Vietnam imported $1.3B in Paints, dyes, & varnishes, becoming the 19th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 43rd most imported product in Vietnam. Vietnam imports Paints, dyes, & varnishes primarily from: China ($565M), Chinese Taipei ($150M), Japan ($102M), India ($72.6M), and Singapore ($63.3M).

The fastest growing import markets in Paints, dyes, & varnishes for Vietnam between 2022 and 2023 were Singapore ($30M), Hong Kong ($23.9M), and Latvia ($1.18M).

COMPANIES In 2024, leading companies such as REI (Recreational Equipment Incorporated) (21), IKEA Group (18), and Samsung (15) were at the forefront of shipping Paints, dyes, & varnishes 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 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 (2023)$242M
IMPORTS (2023)$1.3B
NET TRADE (2023)-$1.05B

In 2023, Vietnam exported $242M in Paints, dyes, & varnishes. The main destinations of Vietnam exports on Paints, dyes, & varnishes were Indonesia ($40.7M), China ($26.5M), Singapore ($24.4M), United Arab Emirates ($19.1M), and Cambodia ($14.1M).

In 2023, Vietnam imported $1.3B in Paints, dyes, & varnishes, mainly from China ($565M), Chinese Taipei ($150M), Japan ($102M), India ($72.6M), and Singapore ($63.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$7.83M (41.9%)
Australia$2.23M (98.7%)
Ethiopia$1.63M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Vietnam WERE (2022 - 2023):
Indonesia-$10.3M (-20.2%)
South Korea-$9.56M (-100%)
Cambodia-$8.13M (-36.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Paints, dyes, & varnishes were:
In 2023, 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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