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2022
Exports $9.27MWorld Rnk 21 / 132
Flag Rnk 659 / 1176
2022
Destination $2.22M South Korea
2021 - 2022
FASTEST GROWING MARKET $2.22MSouth Korea
2022
PRODUCT COMPLEXITY IN Oil Seed Flower-0.94Rnk 826 / 1025
2022
Imports $132MWorld Rnk 1 / 195
Flag Rnk 355 / 1208
2022
Origin $140k United States
2021 - 2022
FASTEST GROWING ORIGIN $140kEthiopia
2022
ECONOMIC COMPLEXITY of Vietnam0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $9.27M in Oil Seed Flower, making it the 21st largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 659th most exported product in Vietnam. The main destination of Oil Seed Flower exports from Vietnam are: South Korea ($8.99M), Philippines ($187k), United States ($50.2k), Chinese Taipei ($15.9k), and Malaysia ($11.5k).

The fastest growing export markets for Oil Seed Flower of Vietnam between 2021 and 2022 were South Korea ($2.22M), United States ($50.2k), and Chinese Taipei ($11.6k).

Imports In 2022, Vietnam imported $132M in Oil Seed Flower, becoming the 1st largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 355th most imported product in Vietnam. Vietnam imports Oil Seed Flower primarily from: United States ($131M), Ethiopia ($460k), India ($184k), Nigeria ($72.9k), and South Korea ($19.1k).

The fastest growing import markets in Oil Seed Flower for Vietnam between 2021 and 2022 were Ethiopia ($140k), Nigeria ($72.9k), and South Korea ($18.6k).

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 Oil Seed Flower. 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)$9.27M
IMPORTS (2022)$132M
NET TRADE (2022)-$122M

In 2022, Vietnam exported $9.27M in Oil Seed Flower. The main destinations of Vietnam exports on Oil Seed Flower were South Korea ($8.99M), Philippines ($187k), United States ($50.2k), Chinese Taipei ($15.9k), and Malaysia ($11.5k).

In 2022, Vietnam imported $132M in Oil Seed Flower, mainly from United States ($131M), Ethiopia ($460k), India ($184k), Nigeria ($72.9k), and South Korea ($19.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$2.22M (32.9%)
United States$50.2k (1%)
Chinese Taipei$11.6k (273%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY Vietnam WERE (2021 - 2022):
Indonesia-$2.52M (-100%)
Philippines-$1.12M (-85.7%)
Italy-$21k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Oil Seed Flower were:
United States $412M
Italy $139M
China $66.2M
In 2022, Vietnam's main importing competitors in Oil Seed Flower were:
Japan $79.5M
South Korea $73.8M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $125k
TOP IMPORT POTENTIALEthiopia+ $540k

Oil Seed Flower’s highest export potential is United States. With an export gap of $125k.   Oil Seed Flower’s highest import potential is Ethiopia with an import gap of $540k.

See methodology.

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