2022
Exports
$31.4MWorld Rnk 58 / 196
Flag Rnk 473 / 1176
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$96.5MWorld Rnk 61 / 225
Flag Rnk 426 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $31.4M in Chocolate, making it the 58th largest exporter of Chocolate in the world. At the same year, Chocolate was the 473rd most exported product in Vietnam. The main destination of Chocolate exports from Vietnam are: Japan ($8.07M), Netherlands ($4.96M), Belgium ($2.51M), China ($2.02M), and United States ($1.74M).

The fastest growing export markets for Chocolate of Vietnam between 2021 and 2022 were Japan ($3.77M), Finland ($1.29M), and Netherlands ($1.13M).

Imports In 2022, Vietnam imported $96.5M in Chocolate, becoming the 61st largest importer of Chocolate in the world. At the same year, Chocolate was the 426th most imported product in Vietnam. Vietnam imports Chocolate primarily from: United States ($39.6M), Malaysia ($9.99M), China ($9M), Russia ($4.86M), and Germany ($4.67M).

The fastest growing import markets in Chocolate for Vietnam between 2021 and 2022 were Malaysia ($4.53M), China ($4.1M), and Germany ($2.58M).

COMPANIES In 2023, leading companies such as Rothfos (49), Home Depot (13), and LG Electronics (6) were at the forefront of shipping Chocolate from Vietnam to the United States.

Latest Trends

Nov 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 Chocolate. 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)$31.4M
IMPORTS (2022)$96.5M
NET TRADE (2022)-$65.1M

In 2022, Vietnam exported $31.4M in Chocolate. The main destinations of Vietnam exports on Chocolate were Japan ($8.07M), Netherlands ($4.96M), Belgium ($2.51M), China ($2.02M), and United States ($1.74M).

In 2022, Vietnam imported $96.5M in Chocolate, mainly from United States ($39.6M), Malaysia ($9.99M), China ($9M), Russia ($4.86M), and Germany ($4.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$3.77M (87.8%)
Finland$1.29M (1.58k%)
Netherlands$1.13M (29.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Vietnam WERE (2021 - 2022):
China-$1.69M (-45.6%)
Saudi Arabia-$423k (-97.1%)
United States-$209k (-10.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Vietnam's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.25M
TOP IMPORT POTENTIALChina+ $6.39M

Chocolate’s highest export potential is China. With an export gap of $3.25M.   Chocolate’s highest import potential is China with an import gap of $6.39M.

See methodology.

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