2022
Exports
$4.11BWorld Rnk 4 / 224
Flag Rnk 19 / 96
2022
PRODUCT COMPLEXITY IN Leather articles
-0.063Rnk 569 / 1025
2022
Imports
$734MWorld Rnk 27 / 225
Flag Rnk 59 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $4.11B in Leather articles, making it the 4th largest exporter of Leather articles in the world. At the same year, Leather articles was the 19th most exported product in Vietnam. The main destination of Leather articles exports from Vietnam are: United States ($1.46B), Japan ($379M), Germany ($292M), Netherlands ($242M), and United Kingdom ($184M).

The fastest growing export markets for Leather articles of Vietnam between 2021 and 2022 were United States ($427M), United Kingdom ($91.8M), and Netherlands ($88.2M).

Imports In 2022, Vietnam imported $734M in Leather articles, becoming the 27th largest importer of Leather articles in the world. At the same year, Leather articles was the 59th most imported product in Vietnam. Vietnam imports Leather articles primarily from: China ($612M), France ($28.1M), Singapore ($25.6M), Italy ($14.1M), and South Korea ($9.87M).

The fastest growing import markets in Leather articles for Vietnam between 2021 and 2022 were China ($254M), United Arab Emirates ($7.26M), and France ($6.22M).

COMPANIES In 2023, leading companies such as Home Depot (341), IKEA Group (160), and Michael Kors (119) were at the forefront of shipping Leather articles 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 Leather articles. 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)$4.11B
IMPORTS (2022)$734M
NET TRADE (2022)$3.37B

In 2022, Vietnam exported $4.11B in Leather articles. The main destinations of Vietnam exports on Leather articles were United States ($1.46B), Japan ($379M), Germany ($292M), Netherlands ($242M), and United Kingdom ($184M).

In 2022, Vietnam imported $734M in Leather articles, mainly from China ($612M), France ($28.1M), Singapore ($25.6M), Italy ($14.1M), and South Korea ($9.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather articles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$427M (41.5%)
United Kingdom$91.8M (99.8%)
Netherlands$88.2M (57.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather articles BY Vietnam WERE (2021 - 2022):
Hong Kong-$15.8M (-23.2%)
Russia-$15.7M (-62.4%)
Austria-$7.79M (-31.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Leather articles were:
China $36.3B
France $12.5B
Italy $11.3B
In 2022, Vietnam's main importing competitors in Leather articles were:

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Trade Value of Leather articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $248M
TOP IMPORT POTENTIALChina+ $198M

Leather articles’s highest export potential is China. With an export gap of $248M.   Leather articles’s highest import potential is China with an import gap of $198M.

See methodology.

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