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Exports In 2022, Vietnam exported $22.7k in Olive Oil, making it the 56th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1122nd most exported product in Vietnam. The main destination of Olive Oil exports from Vietnam are: Japan ($22.7k) and South Korea ($21).

The fastest growing export markets for Olive Oil of Vietnam between 2021 and 2022 were Japan ($7.31k).

Imports In 2022, Vietnam imported $1.75M in Olive Oil, becoming the 49th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 1043rd most imported product in Vietnam. Vietnam imports Olive Oil primarily from: Italy ($862k), Spain ($815k), Turkey ($37.8k), China ($13.9k), and Singapore ($8.54k).

The fastest growing import markets in Olive Oil for Vietnam between 2021 and 2022 were Spain ($366k), Italy ($118k), and Singapore ($4.35k).

COMPANIES In 2023, leading companies such as Home Depot (1) were at the forefront of shipping Olive Oil 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 Olive Oil. 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)$22.7k
IMPORTS (2022)$1.75M
NET TRADE (2022)-$1.73M

In 2022, Vietnam exported $22.7k in Olive Oil. The main destinations of Vietnam exports on Olive Oil were Japan ($22.7k) and South Korea ($21).

In 2022, Vietnam imported $1.75M in Olive Oil, mainly from Italy ($862k), Spain ($815k), Turkey ($37.8k), China ($13.9k), and Singapore ($8.54k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):Japan$7.31k (47.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Vietnam WERE (2021 - 2022):
United Kingdom-$14.6k (-100%)
Chile-$11.8k (-100%)
Germany-$9.29k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Vietnam's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $2.6k
TOP IMPORT POTENTIALSpain+ $88.9k

Olive Oil’s highest export potential is Japan. With an export gap of $2.6k.   Olive Oil’s highest import potential is Spain with an import gap of $88.9k.

See methodology.

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