2022
Exports
$8.63MWorld Rnk 53 / 151
Flag Rnk 671 / 1176
2022
PRODUCT COMPLEXITY IN Milk
-0.0031Rnk 548 / 1025
2022
Imports
$54.7MWorld Rnk 33 / 221
Flag Rnk 526 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $8.63M in Milk, making it the 53rd largest exporter of Milk in the world. At the same year, Milk was the 671st most exported product in Vietnam. The main destination of Milk exports from Vietnam are: Hong Kong ($6.46M), Macau ($1.47M), Cambodia ($289k), Philippines ($126k), and China ($98.5k).

The fastest growing export markets for Milk of Vietnam between 2021 and 2022 were Angola ($25.1k), Laos ($5.35k), and Czechia ($4.58k).

Imports In 2022, Vietnam imported $54.7M in Milk, becoming the 33rd largest importer of Milk in the world. At the same year, Milk was the 526th most imported product in Vietnam. Vietnam imports Milk primarily from: New Zealand ($18.1M), Australia ($14.6M), Poland ($5.92M), France ($4.78M), and Germany ($3.18M).

The fastest growing import markets in Milk for Vietnam between 2021 and 2022 were New Zealand ($7.1M), Poland ($4.04M), and Germany ($1.57M).

COMPANIES In 2023, leading companies such as Home Depot (8), Old Navy (7), and IKEA Group (1) were at the forefront of shipping Milk 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 Milk. 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)$8.63M
IMPORTS (2022)$54.7M
NET TRADE (2022)-$46.1M

In 2022, Vietnam exported $8.63M in Milk. The main destinations of Vietnam exports on Milk were Hong Kong ($6.46M), Macau ($1.47M), Cambodia ($289k), Philippines ($126k), and China ($98.5k).

In 2022, Vietnam imported $54.7M in Milk, mainly from New Zealand ($18.1M), Australia ($14.6M), Poland ($5.92M), France ($4.78M), and Germany ($3.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milk EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Angola$25.1k (1%)
Laos$5.35k (37.8%)
Czechia$4.58k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Milk BY Vietnam WERE (2021 - 2022):
Hong Kong-$926k (-12.5%)
Germany-$502k (-91.8%)
China-$404k (-80.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Milk were:
In 2022, Vietnam's main importing competitors in Milk were:
Germany $2.03B
China $1.46B

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Trade Value of Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $514k
TOP IMPORT POTENTIALGermany+ $2.13M

Milk’s highest export potential is China. With an export gap of $514k.   Milk’s highest import potential is Germany with an import gap of $2.13M.

See methodology.

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