2023
Exports
$3.14kWorld Rnk 50 / 71
Flag Rnk 1140 / 1173
falsefalse Canada
2023
Imports
$2.04MWorld Rnk 25 / 124
Flag Rnk 994 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $3.14k in Borax, making it the 50th largest exporter of Borax in the world. At the same year, Borax was the 1140th most exported product in Vietnam. The main destination of Borax exports from Vietnam are: Canada ($3.14k).

Imports In 2023, Vietnam imported $2.04M in Borax, becoming the 25th largest importer of Borax in the world. At the same year, Borax was the 994th most imported product in Vietnam. Vietnam imports Borax primarily from: Turkey ($1.94M), China ($50.1k), and Malaysia ($44.3k).

The fastest growing import markets in Borax for Vietnam between 2022 and 2023 were China ($39.3k) and Malaysia ($25.9k).

Latest Trends

Dec 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 Borax. 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 (2023)$3.14k
IMPORTS (2023)$2.04M
NET TRADE (2023)-$2.03M

In 2023, Vietnam exported $3.14k in Borax. The main destinations of Vietnam exports on Borax were Canada ($3.14k).

In 2023, Vietnam imported $2.04M in Borax, mainly from Turkey ($1.94M), China ($50.1k), and Malaysia ($44.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borax BY Vietnam WERE (2022 - 2023):Canada-$405 (-11.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Borax were:
In 2023, Vietnam's main importing competitors in Borax were:
China $94.5M
Brazil $85.9M
India $38.8M

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Trade Value of Borax by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $926
TOP IMPORT POTENTIALChina+ $46.8k

Borax’s highest export potential is China. With an export gap of $926.   Borax’s highest import potential is China with an import gap of $46.8k.

See methodology.

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