2022
Exports
$78.5MWorld Rnk 35 / 166
Flag Rnk 335 / 1176
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$520MWorld Rnk 16 / 224
Flag Rnk 136 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $78.5M in Concentrated Milk, making it the 35th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 335th most exported product in Vietnam. The main destination of Concentrated Milk exports from Vietnam are: Iraq ($53.6M), Cambodia ($11.5M), Philippines ($6.4M), United States ($2.4M), and Malaysia ($1.52M).

The fastest growing export markets for Concentrated Milk of Vietnam between 2021 and 2022 were Cambodia ($6.51M), Turkey ($423k), and Philippines ($417k).

Imports In 2022, Vietnam imported $520M in Concentrated Milk, becoming the 16th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 136th most imported product in Vietnam. Vietnam imports Concentrated Milk primarily from: New Zealand ($212M), United States ($153M), Australia ($42M), Germany ($20.7M), and Netherlands ($20M).

The fastest growing import markets in Concentrated Milk for Vietnam between 2021 and 2022 were New Zealand ($26.9M), Netherlands ($12.8M), and Australia ($8.23M).

COMPANIES In 2023, leading companies such as Home Depot (5), Coaster Fine Furniture (1), and Hyosung (1) were at the forefront of shipping Concentrated Milk 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 Concentrated Milk. 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)$78.5M
IMPORTS (2022)$520M
NET TRADE (2022)-$441M

In 2022, Vietnam exported $78.5M in Concentrated Milk. The main destinations of Vietnam exports on Concentrated Milk were Iraq ($53.6M), Cambodia ($11.5M), Philippines ($6.4M), United States ($2.4M), and Malaysia ($1.52M).

In 2022, Vietnam imported $520M in Concentrated Milk, mainly from New Zealand ($212M), United States ($153M), Australia ($42M), Germany ($20.7M), and Netherlands ($20M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$6.51M (129%)
Turkey$423k (21.2M%)
Philippines$417k (6.97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Vietnam WERE (2021 - 2022):
Iraq-$5.38M (-9.12%)
Chinese Taipei-$1.07M (-68.1%)
Honduras-$173k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Concentrated Milk were:
In 2022, Vietnam's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $3.18M
TOP IMPORT POTENTIALGermany+ $7.77M

Concentrated Milk’s highest export potential is Philippines. With an export gap of $3.18M.   Concentrated Milk’s highest import potential is Germany with an import gap of $7.77M.

See methodology.

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