2022
Exports
$378kWorld Rnk 45 / 112
Flag Rnk 997 / 1176
2022
PRODUCT COMPLEXITY IN Soapstone
-0.16Rnk 602 / 1025
2022
Imports
$15.2MWorld Rnk 20 / 195
Flag Rnk 786 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $378k in Soapstone, making it the 45th largest exporter of Soapstone in the world. At the same year, Soapstone was the 997th most exported product in Vietnam. The main destination of Soapstone exports from Vietnam are: Cambodia ($260k), United States ($72.5k), South Korea ($21.9k), Malaysia ($11.9k), and Indonesia ($10.8k).

The fastest growing export markets for Soapstone of Vietnam between 2021 and 2022 were United States ($72.5k), Cambodia ($69.8k), and South Korea ($21.9k).

Imports In 2022, Vietnam imported $15.2M in Soapstone, becoming the 20th largest importer of Soapstone in the world. At the same year, Soapstone was the 786th most imported product in Vietnam. Vietnam imports Soapstone primarily from: China ($9.99M), Chinese Taipei ($2.05M), South Korea ($1.18M), India ($574k), and Japan ($438k).

The fastest growing import markets in Soapstone for Vietnam between 2021 and 2022 were China ($2.34M), United States ($354k), and India ($146k).

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 Soapstone. 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)$378k
IMPORTS (2022)$15.2M
NET TRADE (2022)-$14.8M

In 2022, Vietnam exported $378k in Soapstone. The main destinations of Vietnam exports on Soapstone were Cambodia ($260k), United States ($72.5k), South Korea ($21.9k), Malaysia ($11.9k), and Indonesia ($10.8k).

In 2022, Vietnam imported $15.2M in Soapstone, mainly from China ($9.99M), Chinese Taipei ($2.05M), South Korea ($1.18M), India ($574k), and Japan ($438k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soapstone EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$72.5k (1%)
Cambodia$69.8k (36.7%)
South Korea$21.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soapstone BY Vietnam WERE (2021 - 2022):
Italy-$31.1k (-100%)
Malaysia-$29.9k (-71.4%)
Singapore-$8.67k (-98.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soapstone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $75.2k
TOP IMPORT POTENTIALChina+ $1.08M

Soapstone’s highest export potential is United States. With an export gap of $75.2k.   Soapstone’s highest import potential is China with an import gap of $1.08M.

See methodology.

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