2022
Exports
$19.5MWorld Rnk 37 / 175
Flag Rnk 562 / 1176
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$4.76MWorld Rnk 96 / 223
Flag Rnk 955 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $19.5M in Soups and Broths, making it the 37th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 562nd most exported product in Vietnam. The main destination of Soups and Broths exports from Vietnam are: United States ($11.7M), Czechia ($3.04M), Canada ($1.28M), South Korea ($605k), and Japan ($563k).

The fastest growing export markets for Soups and Broths of Vietnam between 2021 and 2022 were United States ($5.72M), Canada ($550k), and Chinese Taipei ($263k).

Imports In 2022, Vietnam imported $4.76M in Soups and Broths, becoming the 96th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 955th most imported product in Vietnam. Vietnam imports Soups and Broths primarily from: Australia ($1.12M), Japan ($1.02M), South Korea ($625k), Philippines ($561k), and United States ($262k).

The fastest growing import markets in Soups and Broths for Vietnam between 2021 and 2022 were Australia ($1.06M), Philippines ($184k), and Thailand ($77.8k).

COMPANIES In 2023, leading companies such as Home Depot (1) were at the forefront of shipping Soups and Broths from Vietnam to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$19.5M
IMPORTS (2022)$4.76M
NET TRADE (2022)$14.7M

In 2022, Vietnam exported $19.5M in Soups and Broths. The main destinations of Vietnam exports on Soups and Broths were United States ($11.7M), Czechia ($3.04M), Canada ($1.28M), South Korea ($605k), and Japan ($563k).

In 2022, Vietnam imported $4.76M in Soups and Broths, mainly from Australia ($1.12M), Japan ($1.02M), South Korea ($625k), Philippines ($561k), and United States ($262k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$5.72M (95.4%)
Canada$550k (75.4%)
Chinese Taipei$263k (181%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Vietnam WERE (2021 - 2022):
Czechia-$954k (-23.9%)
Japan-$187k (-24.9%)
Suriname-$22.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Soups and Broths were:
In 2022, Vietnam's main importing competitors in Soups and Broths were:

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $694k
TOP IMPORT POTENTIALUnited States+ $314k

Soups and Broths’s highest export potential is Canada. With an export gap of $694k.   Soups and Broths’s highest import potential is United States with an import gap of $314k.

See methodology.

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