2022
Exports
$11.1MWorld Rnk 33 / 144
Flag Rnk 639 / 1176
2022
PRODUCT COMPLEXITY IN Waxes
0.46Rnk 381 / 1025
2022
Imports
$110MWorld Rnk 13 / 203
Flag Rnk 398 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $11.1M in Waxes, making it the 33rd largest exporter of Waxes in the world. At the same year, Waxes was the 639th most exported product in Vietnam. The main destination of Waxes exports from Vietnam are: China ($6.05M), United States ($2.44M), Thailand ($1.08M), Indonesia ($232k), and South Korea ($207k).

The fastest growing export markets for Waxes of Vietnam between 2021 and 2022 were China ($2.44M), United States ($1.38M), and Indonesia ($136k).

Imports In 2022, Vietnam imported $110M in Waxes, becoming the 13th largest importer of Waxes in the world. At the same year, Waxes was the 398th most imported product in Vietnam. Vietnam imports Waxes primarily from: China ($51M), South Korea ($16.6M), Chinese Taipei ($10.7M), Thailand ($6.91M), and Germany ($5.88M).

The fastest growing import markets in Waxes for Vietnam between 2021 and 2022 were China ($10.7M), Germany ($2.32M), and Chinese Taipei ($1.58M).

Latest Trends

Jul 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 Waxes. 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)$11.1M
IMPORTS (2022)$110M
NET TRADE (2022)-$99.2M

In 2022, Vietnam exported $11.1M in Waxes. The main destinations of Vietnam exports on Waxes were China ($6.05M), United States ($2.44M), Thailand ($1.08M), Indonesia ($232k), and South Korea ($207k).

In 2022, Vietnam imported $110M in Waxes, mainly from China ($51M), South Korea ($16.6M), Chinese Taipei ($10.7M), Thailand ($6.91M), and Germany ($5.88M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$2.44M (67.7%)
United States$1.38M (131%)
Indonesia$136k (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Vietnam WERE (2021 - 2022):
South Korea-$1.88M (-90.1%)
India-$85.2k (-49.7%)
Thailand-$80.7k (-6.97%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.23M
TOP IMPORT POTENTIALChina+ $2.71M

Waxes’s highest export potential is China. With an export gap of $4.23M.   Waxes’s highest import potential is China with an import gap of $2.71M.

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