2022
Exports
$10.3MWorld Rnk 25 / 154
Flag Rnk 646 / 1176
2022
PRODUCT COMPLEXITY IN Root Vegetables
-0.71Rnk 758 / 1025
2022
Imports
$113MWorld Rnk 4 / 212
Flag Rnk 387 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $10.3M in Root Vegetables, making it the 25th largest exporter of Root Vegetables in the world. At the same year, Root Vegetables was the 646th most exported product in Vietnam. The main destination of Root Vegetables exports from Vietnam are: South Korea ($3.99M), Malaysia ($3.09M), Singapore ($1.51M), United Arab Emirates ($562k), and Thailand ($332k).

The fastest growing export markets for Root Vegetables of Vietnam between 2021 and 2022 were South Korea ($52.9k), Laos ($42.3k), and Czechia ($31.9k).

Imports In 2022, Vietnam imported $113M in Root Vegetables, becoming the 4th largest importer of Root Vegetables in the world. At the same year, Root Vegetables was the 387th most imported product in Vietnam. Vietnam imports Root Vegetables primarily from: China ($113M), South Korea ($100k), Japan ($45.4k), Australia ($8.49k), and Thailand ($5.33k).

The fastest growing import markets in Root Vegetables for Vietnam between 2021 and 2022 were China ($23.6M), Australia ($7.42k), and Japan ($4.85k).

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 Root Vegetables. 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)$10.3M
IMPORTS (2022)$113M
NET TRADE (2022)-$103M

In 2022, Vietnam exported $10.3M in Root Vegetables. The main destinations of Vietnam exports on Root Vegetables were South Korea ($3.99M), Malaysia ($3.09M), Singapore ($1.51M), United Arab Emirates ($562k), and Thailand ($332k).

In 2022, Vietnam imported $113M in Root Vegetables, mainly from China ($113M), South Korea ($100k), Japan ($45.4k), Australia ($8.49k), and Thailand ($5.33k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Root Vegetables EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$52.9k (1.34%)
Laos$42.3k (29.5%)
Czechia$31.9k (5.49k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Root Vegetables BY Vietnam WERE (2021 - 2022):
Malaysia-$3.24M (-51.1%)
Thailand-$1.35M (-80.2%)
Japan-$1.19M (-92.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Root Vegetables were:
In 2022, Vietnam's main importing competitors in Root Vegetables were:

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Trade Value of Root Vegetables by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $287k
TOP IMPORT POTENTIALSouth Korea+ $98.2k

Root Vegetables’s highest export potential is Thailand. With an export gap of $287k.   Root Vegetables’s highest import potential is South Korea with an import gap of $98.2k.

See methodology.

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