2022
Exports
$233MWorld Rnk 11 / 123
Flag Rnk 199 / 1176
2022
PRODUCT COMPLEXITY IN Inorganic Salts
-0.39Rnk 671 / 1025
2022
Imports
$52.5MWorld Rnk 26 / 186
Flag Rnk 540 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $233M in Inorganic Salts, making it the 11th largest exporter of Inorganic Salts in the world. At the same year, Inorganic Salts was the 199th most exported product in Vietnam. The main destination of Inorganic Salts exports from Vietnam are: South Korea ($38.8M), Japan ($38.7M), Canada ($34.2M), Netherlands ($27.5M), and China ($25M).

The fastest growing export markets for Inorganic Salts of Vietnam between 2021 and 2022 were Japan ($16M), China ($11.9M), and South Korea ($11.1M).

Imports In 2022, Vietnam imported $52.5M in Inorganic Salts, becoming the 26th largest importer of Inorganic Salts in the world. At the same year, Inorganic Salts was the 540th most imported product in Vietnam. Vietnam imports Inorganic Salts primarily from: Thailand ($10.4M), South Korea ($9.89M), China ($9.14M), United States ($7.44M), and Norway ($2.43M).

The fastest growing import markets in Inorganic Salts for Vietnam between 2021 and 2022 were China ($6.92M), South Korea ($2.54M), and United States ($1.33M).

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 Inorganic Salts. 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)$233M
IMPORTS (2022)$52.5M
NET TRADE (2022)$181M

In 2022, Vietnam exported $233M in Inorganic Salts. The main destinations of Vietnam exports on Inorganic Salts were South Korea ($38.8M), Japan ($38.7M), Canada ($34.2M), Netherlands ($27.5M), and China ($25M).

In 2022, Vietnam imported $52.5M in Inorganic Salts, mainly from Thailand ($10.4M), South Korea ($9.89M), China ($9.14M), United States ($7.44M), and Norway ($2.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic Salts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$16M (70.6%)
China$11.9M (90.2%)
South Korea$11.1M (39.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Salts BY Vietnam WERE (2021 - 2022):
United States-$13M (-42%)
Chinese Taipei-$6.2M (-22%)
Netherlands-$2.97M (-9.73%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Inorganic Salts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $24.4M
TOP IMPORT POTENTIALChina+ $13.5M

Inorganic Salts’s highest export potential is China. With an export gap of $24.4M.   Inorganic Salts’s highest import potential is China with an import gap of $13.5M.

See methodology.

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