2022
Exports
$30.1MWorld Rnk 19 / 188
Flag Rnk 482 / 1176
2022
PRODUCT COMPLEXITY IN Hand-Woven Rugs
-0.91Rnk 811 / 1025
2022
Imports
$17MWorld Rnk 55 / 217
Flag Rnk 765 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $30.1M in Hand-Woven Rugs, making it the 19th largest exporter of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 482nd most exported product in Vietnam. The main destination of Hand-Woven Rugs exports from Vietnam are: South Korea ($16.1M), Japan ($10.7M), United States ($1.53M), Qatar ($326k), and Spain ($320k).

The fastest growing export markets for Hand-Woven Rugs of Vietnam between 2021 and 2022 were Japan ($6.25M), South Korea ($2.04M), and Qatar ($326k).

Imports In 2022, Vietnam imported $17M in Hand-Woven Rugs, becoming the 55th largest importer of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 765th most imported product in Vietnam. Vietnam imports Hand-Woven Rugs primarily from: China ($12.4M), Japan ($986k), Indonesia ($738k), Turkey ($681k), and Switzerland ($641k).

The fastest growing import markets in Hand-Woven Rugs for Vietnam between 2021 and 2022 were Switzerland ($561k), Turkey ($309k), and Thailand ($237k).

COMPANIES In 2023, leading companies such as Old Navy (4), Banana Republic (3), and Gap (1) were at the forefront of shipping Hand-Woven Rugs from Vietnam to the United States.

Latest Trends

Oct 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 Hand-Woven Rugs. 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)$30.1M
IMPORTS (2022)$17M
NET TRADE (2022)$13.1M

In 2022, Vietnam exported $30.1M in Hand-Woven Rugs. The main destinations of Vietnam exports on Hand-Woven Rugs were South Korea ($16.1M), Japan ($10.7M), United States ($1.53M), Qatar ($326k), and Spain ($320k).

In 2022, Vietnam imported $17M in Hand-Woven Rugs, mainly from China ($12.4M), Japan ($986k), Indonesia ($738k), Turkey ($681k), and Switzerland ($641k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand-Woven Rugs EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$6.25M (142%)
South Korea$2.04M (14.5%)
Qatar$326k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand-Woven Rugs BY Vietnam WERE (2021 - 2022):
United States-$1.11M (-42.1%)
China-$115k (-44.9%)
United Arab Emirates-$73.7k (-83%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Hand-Woven Rugs were:
Turkey $2.34B
India $785M
China $584M
In 2022, Vietnam's main importing competitors in Hand-Woven Rugs were:

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Trade Value of Hand-Woven Rugs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.1M
TOP IMPORT POTENTIALChina+ $2.82M

Hand-Woven Rugs’s highest export potential is United States. With an export gap of $2.1M.   Hand-Woven Rugs’s highest import potential is China with an import gap of $2.82M.

See methodology.

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