2022
Exports
$19.6MWorld Rnk 4 / 151
Flag Rnk 560 / 1176
2022
PRODUCT COMPLEXITY IN Plaiting Products
-1.95Rnk 997 / 1025
2022
Imports
$32.6MWorld Rnk 6 / 211
Flag Rnk 637 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $19.6M in Plaiting Products, making it the 4th largest exporter of Plaiting Products in the world. At the same year, Plaiting Products was the 560th most exported product in Vietnam. The main destination of Plaiting Products exports from Vietnam are: United States ($5.63M), China ($3.11M), Chinese Taipei ($1.66M), South Korea ($1.05M), and Netherlands ($944k).

The fastest growing export markets for Plaiting Products of Vietnam between 2021 and 2022 were China ($772k), Kuwait ($207k), and Chinese Taipei ($192k).

Imports In 2022, Vietnam imported $32.6M in Plaiting Products, becoming the 6th largest importer of Plaiting Products in the world. At the same year, Plaiting Products was the 637th most imported product in Vietnam. Vietnam imports Plaiting Products primarily from: China ($32.2M), South Korea ($218k), Japan ($57.3k), Chinese Taipei ($32.7k), and Belgium ($19.3k).

The fastest growing import markets in Plaiting Products for Vietnam between 2021 and 2022 were Japan ($24.4k), Chinese Taipei ($20.9k), and Malaysia ($13.6k).

COMPANIES In 2023, leading companies such as IKEA Group (59), At Home Procurement (10), and Amazon (8) were at the forefront of shipping Plaiting 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 Plaiting 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)$19.6M
IMPORTS (2022)$32.6M
NET TRADE (2022)-$13M

In 2022, Vietnam exported $19.6M in Plaiting Products. The main destinations of Vietnam exports on Plaiting Products were United States ($5.63M), China ($3.11M), Chinese Taipei ($1.66M), South Korea ($1.05M), and Netherlands ($944k).

In 2022, Vietnam imported $32.6M in Plaiting Products, mainly from China ($32.2M), South Korea ($218k), Japan ($57.3k), Chinese Taipei ($32.7k), and Belgium ($19.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plaiting Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$772k (33%)
Kuwait$207k (470%)
Chinese Taipei$192k (13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plaiting Products BY Vietnam WERE (2021 - 2022):
United States-$1.57M (-21.8%)
South Korea-$507k (-32.6%)
Germany-$391k (-31.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Plaiting Products were:
China $364M
India $42.5M
France $20.2M
In 2022, Vietnam's main importing competitors in Plaiting Products were:

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Trade Value of Plaiting Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $572k
TOP IMPORT POTENTIALChina+ $1.16M

Plaiting Products’s highest export potential is China. With an export gap of $572k.   Plaiting Products’s highest import potential is China with an import gap of $1.16M.

See methodology.

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