2022
Exports
$407MWorld Rnk 2 / 183
Flag Rnk 144 / 1176
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$6.48MWorld Rnk 44 / 216
Flag Rnk 910 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $407M in Basketwork, making it the 2nd largest exporter of Basketwork in the world. At the same year, Basketwork was the 144th most exported product in Vietnam. The main destination of Basketwork exports from Vietnam are: United States ($147M), Germany ($42.8M), France ($24.9M), Australia ($18.8M), and Japan ($16.8M).

The fastest growing export markets for Basketwork of Vietnam between 2021 and 2022 were Germany ($4.72M), France ($3.53M), and Spain ($2.47M).

Imports In 2022, Vietnam imported $6.48M in Basketwork, becoming the 44th largest importer of Basketwork in the world. At the same year, Basketwork was the 910th most imported product in Vietnam. Vietnam imports Basketwork primarily from: China ($5.98M), France ($230k), Japan ($154k), Hong Kong ($21.6k), and Denmark ($17.7k).

The fastest growing import markets in Basketwork for Vietnam between 2021 and 2022 were China ($3.56M), France ($172k), and Japan ($128k).

COMPANIES In 2023, leading companies such as IKEA Group (187), At Home Procurement (67), and Amazon (15) were at the forefront of shipping Basketwork 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 Basketwork. 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)$407M
IMPORTS (2022)$6.48M
NET TRADE (2022)$401M

In 2022, Vietnam exported $407M in Basketwork. The main destinations of Vietnam exports on Basketwork were United States ($147M), Germany ($42.8M), France ($24.9M), Australia ($18.8M), and Japan ($16.8M).

In 2022, Vietnam imported $6.48M in Basketwork, mainly from China ($5.98M), France ($230k), Japan ($154k), Hong Kong ($21.6k), and Denmark ($17.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Germany$4.72M (12.4%)
France$3.53M (16.5%)
Spain$2.47M (18.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Vietnam WERE (2021 - 2022):
United States-$13.2M (-8.23%)
Netherlands-$5.69M (-27.5%)
Belgium-$3.49M (-39.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Basketwork were:
China $1.3B
India $158M
In 2022, Vietnam's main importing competitors in Basketwork were:

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.16M
TOP IMPORT POTENTIALChina+ $2.88M

Basketwork’s highest export potential is China. With an export gap of $4.16M.   Basketwork’s highest import potential is China with an import gap of $2.88M.

See methodology.

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