2022
Exports
$148MWorld Rnk 3 / 138
Flag Rnk 71 / 96
2022
PRODUCT COMPLEXITY IN Silk
0.43Rnk 394 / 1025
2022
Imports
$90.7MWorld Rnk 7 / 196
Flag Rnk 87 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $148M in Silk, making it the 3rd largest exporter of Silk in the world. At the same year, Silk was the 71st most exported product in Vietnam. The main destination of Silk exports from Vietnam are: India ($113M), Japan ($20.2M), Italy ($3.8M), Thailand ($3.08M), and Laos ($2.3M).

The fastest growing export markets for Silk of Vietnam between 2021 and 2022 were India ($35.6M), Italy ($1.85M), and France ($905k).

Imports In 2022, Vietnam imported $90.7M in Silk, becoming the 7th largest importer of Silk in the world. At the same year, Silk was the 87th most imported product in Vietnam. Vietnam imports Silk primarily from: China ($53.6M), Japan ($21.5M), Uzbekistan ($8.76M), Brazil ($4.75M), and Germany ($937k).

The fastest growing import markets in Silk for Vietnam between 2021 and 2022 were China ($31.4M), Ukraine ($189k), and Singapore ($129k).

COMPANIES In 2023, leading companies such as Gap (4) and Xerox (1) were at the forefront of shipping Silk from Vietnam to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Silk. 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)$148M
IMPORTS (2022)$90.7M
NET TRADE (2022)$57.5M

In 2022, Vietnam exported $148M in Silk. The main destinations of Vietnam exports on Silk were India ($113M), Japan ($20.2M), Italy ($3.8M), Thailand ($3.08M), and Laos ($2.3M).

In 2022, Vietnam imported $90.7M in Silk, mainly from China ($53.6M), Japan ($21.5M), Uzbekistan ($8.76M), Brazil ($4.75M), and Germany ($937k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$35.6M (46.3%)
Italy$1.85M (94.8%)
France$905k (83.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk BY Vietnam WERE (2021 - 2022):
Thailand-$1.22M (-28.4%)
China-$905k (-30.5%)
Pakistan-$370k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Silk were:
China $914M
Italy $264M
In 2022, Vietnam's main importing competitors in Silk were:
Italy $323M
India $305M

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Trade Value of Silk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $630k
TOP IMPORT POTENTIALChina+ $3.23M

Silk’s highest export potential is Italy. With an export gap of $630k.   Silk’s highest import potential is China with an import gap of $3.23M.

See methodology.

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