2022
Exports
$2.42MWorld Rnk 31 / 146
Flag Rnk 95 / 96
2022
PRODUCT COMPLEXITY IN Cork & cork articles
-0.17Rnk 605 / 1025
2022
Imports
$12.2MWorld Rnk 25 / 208
Flag Rnk 92 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $2.42M in Cork & cork articles, making it the 31st largest exporter of Cork & cork articles in the world. At the same year, Cork & cork articles was the 95th most exported product in Vietnam. The main destination of Cork & cork articles exports from Vietnam are: United States ($1.65M), Japan ($485k), China ($133k), United Kingdom ($51.5k), and Costa Rica ($16.9k).

The fastest growing export markets for Cork & cork articles of Vietnam between 2021 and 2022 were Japan ($231k), United Kingdom ($46.2k), and China ($32.2k).

Imports In 2022, Vietnam imported $12.2M in Cork & cork articles, becoming the 25th largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 92nd most imported product in Vietnam. Vietnam imports Cork & cork articles primarily from: China ($9.68M), Portugal ($1.52M), United States ($612k), Singapore ($93.8k), and Japan ($76.3k).

The fastest growing import markets in Cork & cork articles for Vietnam between 2021 and 2022 were China ($1.73M), United States ($425k), and Portugal ($271k).

COMPANIES In 2023, leading companies such as At Home Procurement (1) were at the forefront of shipping Cork & cork articles 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 Cork & cork articles. 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)$2.42M
IMPORTS (2022)$12.2M
NET TRADE (2022)-$9.74M

In 2022, Vietnam exported $2.42M in Cork & cork articles. The main destinations of Vietnam exports on Cork & cork articles were United States ($1.65M), Japan ($485k), China ($133k), United Kingdom ($51.5k), and Costa Rica ($16.9k).

In 2022, Vietnam imported $12.2M in Cork & cork articles, mainly from China ($9.68M), Portugal ($1.52M), United States ($612k), Singapore ($93.8k), and Japan ($76.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cork & cork articles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$231k (91.1%)
United Kingdom$46.2k (884%)
China$32.2k (32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cork & cork articles BY Vietnam WERE (2021 - 2022):
Singapore-$967k (-100%)
United States-$177k (-9.68%)
Laos-$37.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Cork & cork articles were:
In 2022, Vietnam's main importing competitors in Cork & cork articles were:

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Trade Value of Cork & cork articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $195k
TOP IMPORT POTENTIALPortugal+ $431k

Cork & cork articles’s highest export potential is China. With an export gap of $195k.   Cork & cork articles’s highest import potential is Portugal with an import gap of $431k.

See methodology.

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