2022
Exports
$7.95MWorld Rnk 54 / 152
Flag Rnk 683 / 1176
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$28.3MWorld Rnk 38 / 219
Flag Rnk 667 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $7.95M in Fermented Milk Products, making it the 54th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 683rd most exported product in Vietnam. The main destination of Fermented Milk Products exports from Vietnam are: Cambodia ($3.52M), Australia ($2.77M), Chinese Taipei ($514k), Hong Kong ($457k), and China ($274k).

The fastest growing export markets for Fermented Milk Products of Vietnam between 2021 and 2022 were Australia ($254k), Chinese Taipei ($223k), and Hong Kong ($100k).

Imports In 2022, Vietnam imported $28.3M in Fermented Milk Products, becoming the 38th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 667th most imported product in Vietnam. Vietnam imports Fermented Milk Products primarily from: Thailand ($11.4M), China ($5.26M), France ($3.39M), Philippines ($2.52M), and Germany ($1.18M).

The fastest growing import markets in Fermented Milk Products for Vietnam between 2021 and 2022 were Thailand ($2.93M), China ($1.85M), and France ($899k).

COMPANIES In 2023, leading companies such as Home Depot (5), Old Navy (2), and Michael Kors (1) were at the forefront of shipping Fermented Milk Products 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 Fermented Milk Products. 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)$7.95M
IMPORTS (2022)$28.3M
NET TRADE (2022)-$20.4M

In 2022, Vietnam exported $7.95M in Fermented Milk Products. The main destinations of Vietnam exports on Fermented Milk Products were Cambodia ($3.52M), Australia ($2.77M), Chinese Taipei ($514k), Hong Kong ($457k), and China ($274k).

In 2022, Vietnam imported $28.3M in Fermented Milk Products, mainly from Thailand ($11.4M), China ($5.26M), France ($3.39M), Philippines ($2.52M), and Germany ($1.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Australia$254k (10.1%)
Chinese Taipei$223k (76.7%)
Hong Kong$100k (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Vietnam WERE (2021 - 2022):
Cambodia-$9.71M (-73.4%)
China-$792k (-74.3%)
Burma-$53.4k (-78.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Fermented Milk Products were:
In 2022, Vietnam's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $507k
TOP IMPORT POTENTIALGermany+ $1.09M

Fermented Milk Products’s highest export potential is China. With an export gap of $507k.   Fermented Milk Products’s highest import potential is Germany with an import gap of $1.09M.

See methodology.

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