2022
Exports
$2.37MWorld Rnk 34 / 158
Flag Rnk 835 / 1176
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$21.4MWorld Rnk 19 / 209
Flag Rnk 725 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $2.37M in Pastes and Waxes, making it the 34th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 835th most exported product in Vietnam. The main destination of Pastes and Waxes exports from Vietnam are: United States ($1.3M), United Kingdom ($189k), Kuwait ($155k), Denmark ($151k), and Ireland ($135k).

The fastest growing export markets for Pastes and Waxes of Vietnam between 2021 and 2022 were Austria ($133k), Ireland ($130k), and Denmark ($119k).

Imports In 2022, Vietnam imported $21.4M in Pastes and Waxes, becoming the 19th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 725th most imported product in Vietnam. Vietnam imports Pastes and Waxes primarily from: China ($13.7M), Italy ($2.43M), Thailand ($1.65M), Germany ($1.16M), and Austria ($701k).

The fastest growing import markets in Pastes and Waxes for Vietnam between 2021 and 2022 were China ($9.15M), Italy ($900k), and Thailand ($786k).

Latest Trends

Sep 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 Pastes and Waxes. 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)$2.37M
IMPORTS (2022)$21.4M
NET TRADE (2022)-$19.1M

In 2022, Vietnam exported $2.37M in Pastes and Waxes. The main destinations of Vietnam exports on Pastes and Waxes were United States ($1.3M), United Kingdom ($189k), Kuwait ($155k), Denmark ($151k), and Ireland ($135k).

In 2022, Vietnam imported $21.4M in Pastes and Waxes, mainly from China ($13.7M), Italy ($2.43M), Thailand ($1.65M), Germany ($1.16M), and Austria ($701k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Austria$133k (947k%)
Ireland$130k (2.36k%)
Denmark$119k (375%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Vietnam WERE (2021 - 2022):
United States-$498k (-27.7%)
Poland-$474k (-100%)
Ukraine-$28.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Pastes and Waxes were:
In 2022, Vietnam's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $398k
TOP IMPORT POTENTIALChina+ $3.71M

Pastes and Waxes’s highest export potential is United States. With an export gap of $398k.   Pastes and Waxes’s highest import potential is China with an import gap of $3.71M.

See methodology.

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