2022
Exports
$34.8MWorld Rnk 30 / 202
Flag Rnk 457 / 1176
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$93.3MWorld Rnk 22 / 224
Flag Rnk 433 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $34.8M in Rubber Belting, making it the 30th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 457th most exported product in Vietnam. The main destination of Rubber Belting exports from Vietnam are: South Korea ($22.1M), Indonesia ($3.4M), Chinese Taipei ($1.32M), United States ($1.11M), and United Arab Emirates ($846k).

The fastest growing export markets for Rubber Belting of Vietnam between 2021 and 2022 were South Korea ($990k), United States ($503k), and Malaysia ($391k).

Imports In 2022, Vietnam imported $93.3M in Rubber Belting, becoming the 22nd largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 433rd most imported product in Vietnam. Vietnam imports Rubber Belting primarily from: China ($53.9M), Japan ($13.7M), Thailand ($9.19M), Singapore ($3.64M), and South Korea ($2.32M).

The fastest growing import markets in Rubber Belting for Vietnam between 2021 and 2022 were China ($2.68M), Japan ($2.02M), and Singapore ($1.23M).

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 Rubber Belting. 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)$34.8M
IMPORTS (2022)$93.3M
NET TRADE (2022)-$58.5M

In 2022, Vietnam exported $34.8M in Rubber Belting. The main destinations of Vietnam exports on Rubber Belting were South Korea ($22.1M), Indonesia ($3.4M), Chinese Taipei ($1.32M), United States ($1.11M), and United Arab Emirates ($846k).

In 2022, Vietnam imported $93.3M in Rubber Belting, mainly from China ($53.9M), Japan ($13.7M), Thailand ($9.19M), Singapore ($3.64M), and South Korea ($2.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$990k (4.7%)
United States$503k (83.2%)
Malaysia$391k (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Vietnam WERE (2021 - 2022):
Indonesia-$822k (-19.5%)
Saudi Arabia-$664k (-99%)
Chinese Taipei-$516k (-28.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rubber Belting were:
In 2022, Vietnam's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.79M
TOP IMPORT POTENTIALChina+ $14.7M

Rubber Belting’s highest export potential is China. With an export gap of $1.79M.   Rubber Belting’s highest import potential is China with an import gap of $14.7M.

See methodology.

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