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Exports In 2022, Vietnam exported $109k in Balances, making it the 40th largest exporter of Balances in the world. At the same year, Balances was the 1076th most exported product in Vietnam. The main destination of Balances exports from Vietnam are: China ($25.3k), Cambodia ($21.2k), Japan ($21.2k), Malaysia ($12.8k), and Laos ($7.75k).

The fastest growing export markets for Balances of Vietnam between 2021 and 2022 were Japan ($18.5k), Cambodia ($10.4k), and Malaysia ($8.87k).

Imports In 2022, Vietnam imported $3.92M in Balances, becoming the 24th largest importer of Balances in the world. At the same year, Balances was the 979th most imported product in Vietnam. Vietnam imports Balances primarily from: China ($1.31M), Germany ($809k), Japan ($662k), Philippines ($343k), and South Korea ($292k).

The fastest growing import markets in Balances for Vietnam between 2021 and 2022 were Japan ($516k), Germany ($469k), and China ($188k).

Latest Trends

Aug 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 Balances. 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)$109k
IMPORTS (2022)$3.92M
NET TRADE (2022)-$3.81M

In 2022, Vietnam exported $109k in Balances. The main destinations of Vietnam exports on Balances were China ($25.3k), Cambodia ($21.2k), Japan ($21.2k), Malaysia ($12.8k), and Laos ($7.75k).

In 2022, Vietnam imported $3.92M in Balances, mainly from China ($1.31M), Germany ($809k), Japan ($662k), Philippines ($343k), and South Korea ($292k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$18.5k (682%)
Cambodia$10.4k (96%)
Malaysia$8.87k (227%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Vietnam WERE (2021 - 2022):
China-$18.8k (-42.7%)
Singapore-$17.3k (-98.5%)
Costa Rica-$7.06k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $46k
TOP IMPORT POTENTIALChina+ $691k

Balances’s highest export potential is China. With an export gap of $46k.   Balances’s highest import potential is China with an import gap of $691k.

See methodology.

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