2022
Exports
$8.84BWorld Rnk 22 / 226
Flag Rnk 8 / 21
2022
PRODUCT COMPLEXITY IN Foodstuffs
0.45Rnk 385 / 1025
2022
Imports
$11BWorld Rnk 16 / 226
Flag Rnk 9 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $8.84B in Foodstuffs, making it the 22nd largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 8th most exported product in Vietnam. The main destination of Foodstuffs exports from Vietnam are: United States ($1.58B), China ($1.2B), Japan ($1.01B), South Korea ($694M), and Cambodia ($365M).

The fastest growing export markets for Foodstuffs of Vietnam between 2021 and 2022 were United States ($212M), Japan ($208M), and Netherlands ($104M).

Imports In 2022, Vietnam imported $11B in Foodstuffs, becoming the 16th largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 9th most imported product in Vietnam. Vietnam imports Foodstuffs primarily from: Argentina ($1.55B), China ($1.34B), Brazil ($1.01B), United States ($979M), and Thailand ($920M).

The fastest growing import markets in Foodstuffs for Vietnam between 2021 and 2022 were Brazil ($365M), China ($264M), and India ($115M).

COMPANIES In 2023, leading companies such as Home Depot (221), Chicken of the Sea (173), and Walong Marketing (151) were at the forefront of shipping Foodstuffs from Vietnam to the United States.

Latest Trends

Sep 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 Foodstuffs. 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)$8.84B
IMPORTS (2022)$11B
NET TRADE (2022)-$2.15B

In 2022, Vietnam exported $8.84B in Foodstuffs. The main destinations of Vietnam exports on Foodstuffs were United States ($1.58B), China ($1.2B), Japan ($1.01B), South Korea ($694M), and Cambodia ($365M).

In 2022, Vietnam imported $11B in Foodstuffs, mainly from Argentina ($1.55B), China ($1.34B), Brazil ($1.01B), United States ($979M), and Thailand ($920M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$212M (15.4%)
Japan$208M (25.9%)
Netherlands$104M (70.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Vietnam WERE (2021 - 2022):
India-$67.7M (-59.6%)
Iraq-$61.6M (-39.1%)
Philippines-$16.2M (-4.59%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $422M
TOP IMPORT POTENTIALChina+ $384M

Foodstuffs’s highest export potential is China. With an export gap of $422M.   Foodstuffs’s highest import potential is China with an import gap of $384M.

See methodology.

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