2022
Exports
$33.1MWorld Rnk 19 / 194
Flag Rnk 465 / 1176
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$18.7MWorld Rnk 36 / 223
Flag Rnk 750 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $33.1M in Spices, making it the 19th largest exporter of Spices in the world. At the same year, Spices was the 465th most exported product in Vietnam. The main destination of Spices exports from Vietnam are: India ($8.19M), United States ($5.44M), Germany ($3.46M), Netherlands ($2.5M), and Japan ($1.66M).

The fastest growing export markets for Spices of Vietnam between 2021 and 2022 were Germany ($1.23M), United States ($1.09M), and China ($607k).

Imports In 2022, Vietnam imported $18.7M in Spices, becoming the 36th largest importer of Spices in the world. At the same year, Spices was the 750th most imported product in Vietnam. Vietnam imports Spices primarily from: China ($10.4M), Nigeria ($3.22M), India ($2.59M), Germany ($334k), and Singapore ($279k).

The fastest growing import markets in Spices for Vietnam between 2021 and 2022 were India ($328k), Pakistan ($180k), and South Korea ($162k).

COMPANIES In 2023, leading companies such as Home Depot (10), YAMAHA CORPORATION OF AMERICA (5), and Walmart (4) were at the forefront of shipping Spices from Vietnam to the United States.

Latest Trends

Aug 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 Spices. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$33.1M
IMPORTS (2022)$18.7M
NET TRADE (2022)$14.4M

In 2022, Vietnam exported $33.1M in Spices. The main destinations of Vietnam exports on Spices were India ($8.19M), United States ($5.44M), Germany ($3.46M), Netherlands ($2.5M), and Japan ($1.66M).

In 2022, Vietnam imported $18.7M in Spices, mainly from China ($10.4M), Nigeria ($3.22M), India ($2.59M), Germany ($334k), and Singapore ($279k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Germany$1.23M (55.1%)
United States$1.09M (25.1%)
China$607k (73.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Vietnam WERE (2021 - 2022):
India-$2.24M (-21.5%)
Russia-$784k (-87.6%)
Indonesia-$576k (-68.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.33M
TOP IMPORT POTENTIALChina+ $3.29M

Spices’s highest export potential is United States. With an export gap of $2.33M.   Spices’s highest import potential is China with an import gap of $3.29M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with