2022
Exports
$831kWorld Rnk 58 / 140
Flag Rnk 928 / 1176
2022
PRODUCT COMPLEXITY IN Enzymes
1.11Rnk 130 / 1025
2022
Imports
$87.3MWorld Rnk 22 / 200
Flag Rnk 446 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $831k in Enzymes, making it the 58th largest exporter of Enzymes in the world. At the same year, Enzymes was the 928th most exported product in Vietnam. The main destination of Enzymes exports from Vietnam are: South Korea ($232k), Cambodia ($202k), Indonesia ($73.1k), Philippines ($72.7k), and Laos ($68k).

The fastest growing export markets for Enzymes of Vietnam between 2021 and 2022 were South Korea ($205k), Thailand ($49.5k), and Spain ($27.3k).

Imports In 2022, Vietnam imported $87.3M in Enzymes, becoming the 22nd largest importer of Enzymes in the world. At the same year, Enzymes was the 446th most imported product in Vietnam. Vietnam imports Enzymes primarily from: China ($29.8M), Singapore ($17.6M), Denmark ($8.18M), Germany ($5.54M), and United States ($3.94M).

The fastest growing import markets in Enzymes for Vietnam between 2021 and 2022 were China ($4.72M), Canada ($613k), and Netherlands ($445k).

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 Enzymes. 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)$831k
IMPORTS (2022)$87.3M
NET TRADE (2022)-$86.5M

In 2022, Vietnam exported $831k in Enzymes. The main destinations of Vietnam exports on Enzymes were South Korea ($232k), Cambodia ($202k), Indonesia ($73.1k), Philippines ($72.7k), and Laos ($68k).

In 2022, Vietnam imported $87.3M in Enzymes, mainly from China ($29.8M), Singapore ($17.6M), Denmark ($8.18M), Germany ($5.54M), and United States ($3.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Enzymes EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$205k (755%)
Thailand$49.5k (190k%)
Spain$27.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Enzymes BY Vietnam WERE (2021 - 2022):
Denmark-$413k (-100%)
Cambodia-$87.2k (-30.1%)
Australia-$85.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Enzymes were:
In 2022, Vietnam's main importing competitors in Enzymes were:

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Trade Value of Enzymes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $92.3k
TOP IMPORT POTENTIALChina+ $6.94M

Enzymes’s highest export potential is Indonesia. With an export gap of $92.3k.   Enzymes’s highest import potential is China with an import gap of $6.94M.

See methodology.

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