2022
Exports
$278MWorld Rnk 59 / 223
Flag Rnk 63 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$4.72BWorld Rnk 30 / 226
Flag Rnk 14 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $278M in Pharmaceutical products, making it the 59th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 63rd most exported product in Vietnam. The main destination of Pharmaceutical products exports from Vietnam are: Japan ($59.4M), Cyprus ($31.4M), Cambodia ($23.7M), Philippines ($22.5M), and United States ($15.5M).

The fastest growing export markets for Pharmaceutical products of Vietnam between 2021 and 2022 were Japan ($27.4M), Philippines ($11.4M), and United States ($7.23M).

Imports In 2022, Vietnam imported $4.72B in Pharmaceutical products, becoming the 30th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 14th most imported product in Vietnam. Vietnam imports Pharmaceutical products primarily from: Belgium ($1.66B), Germany ($416M), France ($322M), India ($287M), and United States ($263M).

The fastest growing import markets in Pharmaceutical products for Vietnam between 2021 and 2022 were Belgium ($1.24B), India ($103M), and Australia ($46M).

COMPANIES In 2023, leading companies such as Halyard Health (3) were at the forefront of shipping Pharmaceutical products from Vietnam to the United States.

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 Pharmaceutical products. 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)$278M
IMPORTS (2022)$4.72B
NET TRADE (2022)-$4.45B

In 2022, Vietnam exported $278M in Pharmaceutical products. The main destinations of Vietnam exports on Pharmaceutical products were Japan ($59.4M), Cyprus ($31.4M), Cambodia ($23.7M), Philippines ($22.5M), and United States ($15.5M).

In 2022, Vietnam imported $4.72B in Pharmaceutical products, mainly from Belgium ($1.66B), Germany ($416M), France ($322M), India ($287M), and United States ($263M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$27.4M (85.7%)
Philippines$11.4M (102%)
United States$7.23M (87.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Vietnam WERE (2021 - 2022):
Bulgaria-$5.46M (-76.3%)
Russia-$3.5M (-83.1%)
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 Pharmaceutical products were:
In 2022, Vietnam's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $36.7M
TOP IMPORT POTENTIALGermany+ $190M

Pharmaceutical products’s highest export potential is Japan. With an export gap of $36.7M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $190M.

See methodology.

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