2022
Exports
$42.8MWorld Rnk 5 / 154
Flag Rnk 426 / 1176
2022
PRODUCT COMPLEXITY IN Artificial Filament Sewing Thread
-0.37Rnk 665 / 1025
2022
Imports
$68.9MWorld Rnk 3 / 202
Flag Rnk 487 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $42.8M in Artificial Filament Sewing Thread, making it the 5th largest exporter of Artificial Filament Sewing Thread in the world. At the same year, Artificial Filament Sewing Thread was the 426th most exported product in Vietnam. The main destination of Artificial Filament Sewing Thread exports from Vietnam are: Cambodia ($23.4M), Indonesia ($5.56M), Burma ($2.39M), Thailand ($1.69M), and Japan ($1.35M).

The fastest growing export markets for Artificial Filament Sewing Thread of Vietnam between 2021 and 2022 were Cambodia ($3.86M), Burma ($989k), and Malaysia ($431k).

Imports In 2022, Vietnam imported $68.9M in Artificial Filament Sewing Thread, becoming the 3rd largest importer of Artificial Filament Sewing Thread in the world. At the same year, Artificial Filament Sewing Thread was the 487th most imported product in Vietnam. Vietnam imports Artificial Filament Sewing Thread primarily from: China ($44M), South Korea ($4.92M), United Kingdom ($4.47M), Japan ($4.23M), and Thailand ($2.98M).

The fastest growing import markets in Artificial Filament Sewing Thread for Vietnam between 2021 and 2022 were Japan ($758k), United Kingdom ($580k), and Cambodia ($528k).

COMPANIES In 2023, leading companies such as Home Depot (1) were at the forefront of shipping Artificial Filament Sewing Thread from Vietnam to the United States.

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 Artificial Filament Sewing Thread. 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)$42.8M
IMPORTS (2022)$68.9M
NET TRADE (2022)-$26.2M

In 2022, Vietnam exported $42.8M in Artificial Filament Sewing Thread. The main destinations of Vietnam exports on Artificial Filament Sewing Thread were Cambodia ($23.4M), Indonesia ($5.56M), Burma ($2.39M), Thailand ($1.69M), and Japan ($1.35M).

In 2022, Vietnam imported $68.9M in Artificial Filament Sewing Thread, mainly from China ($44M), South Korea ($4.92M), United Kingdom ($4.47M), Japan ($4.23M), and Thailand ($2.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Filament Sewing Thread EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$3.86M (19.8%)
Burma$989k (70.6%)
Malaysia$431k (438%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Filament Sewing Thread BY Vietnam WERE (2021 - 2022):
Hong Kong-$364k (-85.1%)
Madagascar-$328k (-67.1%)
Sri Lanka-$305k (-61.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Artificial Filament Sewing Thread were:
In 2022, Vietnam's main importing competitors in Artificial Filament Sewing Thread were:
Mexico $97.6M
Germany $82.7M

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Trade Value of Artificial Filament Sewing Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.2M
TOP IMPORT POTENTIALChina+ $3.51M

Artificial Filament Sewing Thread’s highest export potential is China. With an export gap of $1.2M.   Artificial Filament Sewing Thread’s highest import potential is China with an import gap of $3.51M.

See methodology.

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