2022
Exports
$48.8BWorld Rnk 3 / 226
Flag Rnk 2 / 21
2022
PRODUCT COMPLEXITY IN Textiles
1.5Rnk 52 / 1025
2022
Imports
$27.5BWorld Rnk 9 / 226
Flag Rnk 4 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $48.8B in Textiles, making it the 3rd largest exporter of Textiles in the world. At the same year, Textiles was the 2nd most exported product in Vietnam. The main destination of Textiles exports from Vietnam are: United States ($19.1B), Japan ($4.72B), South Korea ($4.39B), China ($3.52B), and Canada ($1.57B).

The fastest growing export markets for Textiles of Vietnam between 2021 and 2022 were United States ($1.99B), Japan ($724M), and Canada ($405M).

Imports In 2022, Vietnam imported $27.5B in Textiles, becoming the 9th largest importer of Textiles in the world. At the same year, Textiles was the 4th most imported product in Vietnam. Vietnam imports Textiles primarily from: China ($16.1B), Chinese Taipei ($2.36B), South Korea ($2.31B), United States ($1.23B), and Australia ($1.19B).

The fastest growing import markets in Textiles for Vietnam between 2021 and 2022 were China ($1.63B), Australia ($577M), and United States ($61.2M).

COMPANIES In 2023, leading companies such as Old Navy (6.02k), Gap (3.07k), and Hyosung (1.32k) were at the forefront of shipping Textiles from Vietnam to the United States.

Latest Trends

Sep 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 Textiles. 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)$48.8B
IMPORTS (2022)$27.5B
NET TRADE (2022)$21.3B

In 2022, Vietnam exported $48.8B in Textiles. The main destinations of Vietnam exports on Textiles were United States ($19.1B), Japan ($4.72B), South Korea ($4.39B), China ($3.52B), and Canada ($1.57B).

In 2022, Vietnam imported $27.5B in Textiles, mainly from China ($16.1B), Chinese Taipei ($2.36B), South Korea ($2.31B), United States ($1.23B), and Australia ($1.19B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textiles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$1.99B (11.6%)
Japan$724M (18.1%)
Canada$405M (34.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles BY Vietnam WERE (2021 - 2022):
China-$970M (-21.6%)
Russia-$183M (-42.8%)
Austria-$101M (-72%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.24B
TOP IMPORT POTENTIALChina+ $1.3B

Textiles’s highest export potential is China. With an export gap of $1.24B.   Textiles’s highest import potential is China with an import gap of $1.3B.

See methodology.

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