2022
Exports
$37MWorld Rnk 7 / 163
Flag Rnk 447 / 1176
2022
PRODUCT COMPLEXITY IN Labels
-0.16Rnk 599 / 1025
2022
Imports
$140MWorld Rnk 1 / 211
Flag Rnk 341 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $37M in Labels, making it the 7th largest exporter of Labels in the world. At the same year, Labels was the 447th most exported product in Vietnam. The main destination of Labels exports from Vietnam are: Cambodia ($16.7M), Indonesia ($7.27M), Thailand ($2.3M), United States ($1.48M), and Germany ($1.45M).

The fastest growing export markets for Labels of Vietnam between 2021 and 2022 were Cambodia ($1.78M), Indonesia ($1.08M), and Thailand ($821k).

Imports In 2022, Vietnam imported $140M in Labels, becoming the 1st largest importer of Labels in the world. At the same year, Labels was the 341st most imported product in Vietnam. Vietnam imports Labels primarily from: China ($58.8M), South Korea ($26.7M), Hong Kong ($22.1M), Chinese Taipei ($18.3M), and Japan ($8.1M).

The fastest growing import markets in Labels for Vietnam between 2021 and 2022 were United States ($856k), Canada ($321k), and Cambodia ($276k).

COMPANIES In 2023, leading companies such as Old Navy (2) and Michael Kors (1) were at the forefront of shipping Labels 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 Labels. 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)$37M
IMPORTS (2022)$140M
NET TRADE (2022)-$103M

In 2022, Vietnam exported $37M in Labels. The main destinations of Vietnam exports on Labels were Cambodia ($16.7M), Indonesia ($7.27M), Thailand ($2.3M), United States ($1.48M), and Germany ($1.45M).

In 2022, Vietnam imported $140M in Labels, mainly from China ($58.8M), South Korea ($26.7M), Hong Kong ($22.1M), Chinese Taipei ($18.3M), and Japan ($8.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Labels EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$1.78M (11.9%)
Indonesia$1.08M (17.5%)
Thailand$821k (55.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Labels BY Vietnam WERE (2021 - 2022):
Germany-$381k (-20.8%)
China-$294k (-39.1%)
Pakistan-$268k (-64%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $927k
TOP IMPORT POTENTIALChina+ $3.2M

Labels’s highest export potential is China. With an export gap of $927k.   Labels’s highest import potential is China with an import gap of $3.2M.

See methodology.

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