2022
Exports
$8.89BWorld Rnk 24 / 226
Flag Rnk 7 / 96
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof
1.72Rnk 19 / 1025
2022
Imports
$20.9BWorld Rnk 14 / 226
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $8.89B in Plastics & articles thereof, making it the 24th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 7th most exported product in Vietnam. The main destination of Plastics & articles thereof exports from Vietnam are: United States ($2.89B), Japan ($1.03B), China ($592M), Indonesia ($553M), and South Korea ($381M).

The fastest growing export markets for Plastics & articles thereof of Vietnam between 2021 and 2022 were United States ($639M), Indonesia ($114M), and Japan ($111M).

Imports In 2022, Vietnam imported $20.9B in Plastics & articles thereof, becoming the 14th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 4th most imported product in Vietnam. Vietnam imports Plastics & articles thereof primarily from: China ($7.23B), South Korea ($4B), Chinese Taipei ($1.78B), Japan ($1.27B), and Saudi Arabia ($1.23B).

The fastest growing import markets in Plastics & articles thereof for Vietnam between 2021 and 2022 were Saudi Arabia ($640M), China ($422M), and South Korea ($178M).

COMPANIES In 2023, leading companies such as Cali Bamboo Flooring (3.18k), Lollicup (253), and LG Electronics (117) were at the forefront of shipping Plastics & articles thereof 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 Plastics & articles thereof. 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)$8.89B
IMPORTS (2022)$20.9B
NET TRADE (2022)-$12B

In 2022, Vietnam exported $8.89B in Plastics & articles thereof. The main destinations of Vietnam exports on Plastics & articles thereof were United States ($2.89B), Japan ($1.03B), China ($592M), Indonesia ($553M), and South Korea ($381M).

In 2022, Vietnam imported $20.9B in Plastics & articles thereof, mainly from China ($7.23B), South Korea ($4B), Chinese Taipei ($1.78B), Japan ($1.27B), and Saudi Arabia ($1.23B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$639M (28.4%)
Indonesia$114M (26.1%)
Japan$111M (12.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Vietnam WERE (2021 - 2022):
Turkey-$54.3M (-59%)
Hong Kong-$19.6M (-23.1%)
Bangladesh-$16.6M (-23.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Plastics & articles thereof were:
In 2022, Vietnam's main importing competitors in Plastics & articles thereof were:

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $694M
TOP IMPORT POTENTIALChina+ $1.63B

Plastics & articles thereof’s highest export potential is China. With an export gap of $694M.   Plastics & articles thereof’s highest import potential is China with an import gap of $1.63B.

See methodology.

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