2022
Exports
$430MWorld Rnk 9 / 203
Flag Rnk 56 / 96
2022
PRODUCT COMPLEXITY IN Carpets & textile floor covers
0.3Rnk 450 / 1025
2022
Imports
$151MWorld Rnk 24 / 225
Flag Rnk 79 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $430M in Carpets & textile floor covers, making it the 9th largest exporter of Carpets & textile floor covers in the world. At the same year, Carpets & textile floor covers was the 56th most exported product in Vietnam. The main destination of Carpets & textile floor covers exports from Vietnam are: United States ($167M), Japan ($58.6M), India ($39.6M), Spain ($28.8M), and United Kingdom ($23.6M).

The fastest growing export markets for Carpets & textile floor covers of Vietnam between 2021 and 2022 were Japan ($13.5M), India ($12.8M), and Spain ($9.27M).

Imports In 2022, Vietnam imported $151M in Carpets & textile floor covers, becoming the 24th largest importer of Carpets & textile floor covers in the world. At the same year, Carpets & textile floor covers was the 79th most imported product in Vietnam. Vietnam imports Carpets & textile floor covers primarily from: China ($132M), Japan ($5.66M), Thailand ($4.39M), Indonesia ($1.9M), and Germany ($1.09M).

The fastest growing import markets in Carpets & textile floor covers for Vietnam between 2021 and 2022 were China ($5.89M), Japan ($743k), and Switzerland ($560k).

COMPANIES In 2023, leading companies such as IKEA Group (30), Old Navy (4), and The Tile Shop (3) were at the forefront of shipping Carpets & textile floor covers 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 Carpets & textile floor covers. 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)$430M
IMPORTS (2022)$151M
NET TRADE (2022)$279M

In 2022, Vietnam exported $430M in Carpets & textile floor covers. The main destinations of Vietnam exports on Carpets & textile floor covers were United States ($167M), Japan ($58.6M), India ($39.6M), Spain ($28.8M), and United Kingdom ($23.6M).

In 2022, Vietnam imported $151M in Carpets & textile floor covers, mainly from China ($132M), Japan ($5.66M), Thailand ($4.39M), Indonesia ($1.9M), and Germany ($1.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carpets & textile floor covers EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$13.5M (29.9%)
India$12.8M (47.9%)
Spain$9.27M (47.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carpets & textile floor covers BY Vietnam WERE (2021 - 2022):
Belgium-$12.4M (-77.4%)
United States-$6.5M (-3.75%)
Saudi Arabia-$2.34M (-50.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Carpets & textile floor covers were:
China $3.72B
Turkey $2.89B
India $2.05B
In 2022, Vietnam's main importing competitors in Carpets & textile floor covers were:

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Trade Value of Carpets & textile floor covers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $7.21M
N/AN/AN/A

Carpets & textile floor covers’s highest export potential is United Kingdom. With an export gap of $7.21M.   Carpets & textile floor covers’s highest import potential is N/A with an import gap of N/A.

See methodology.

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