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Exports In 2023, Vietnam exported $14.6k in Nitric Acids, making it the 70th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 1103rd most exported product in Vietnam. The main destination of Nitric Acids exports from Vietnam are: Cambodia ($11.2k) and Indonesia ($3.37k).

The fastest growing export markets for Nitric Acids of Vietnam between 2022 and 2023 were Indonesia ($1.54k).

Imports In 2023, Vietnam imported $4.11M in Nitric Acids, becoming the 25th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 932nd most imported product in Vietnam. Vietnam imports Nitric Acids primarily from: China ($3.79M), Malaysia ($135k), Singapore ($91.9k), Germany ($42.2k), and Netherlands ($15.4k).

The fastest growing import markets in Nitric Acids for Vietnam between 2022 and 2023 were China ($1.43M), Malaysia ($59.3k), and Singapore ($25.4k).

Latest Trends

Dec 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 Nitric Acids. 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 (2023)$14.6k
IMPORTS (2023)$4.11M
NET TRADE (2023)-$4.09M

In 2023, Vietnam exported $14.6k in Nitric Acids. The main destinations of Vietnam exports on Nitric Acids were Cambodia ($11.2k) and Indonesia ($3.37k).

In 2023, Vietnam imported $4.11M in Nitric Acids, mainly from China ($3.79M), Malaysia ($135k), Singapore ($91.9k), Germany ($42.2k), and Netherlands ($15.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):Indonesia$1.54k (83.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Vietnam WERE (2022 - 2023):
Laos-$81.6k (-100%)
Cambodia-$44.3k (-79.9%)
Japan-$35.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Nitric Acids were:
In 2023, Vietnam's main importing competitors in Nitric Acids were:
Germany $50.8M
France $35.9M
Belgium $35.3M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $31.4k
TOP IMPORT POTENTIALChina+ $231k

Nitric Acids’s highest export potential is Japan. With an export gap of $31.4k.   Nitric Acids’s highest import potential is China with an import gap of $231k.

See methodology.

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