2022
Exports
$910MWorld Rnk 44 / 214
Flag Rnk 44 / 96
2022
PRODUCT COMPLEXITY IN Organic chemicals
1.95Rnk 8 / 1025
2022
Imports
$5.94BWorld Rnk 23 / 225
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $910M in Organic chemicals, making it the 44th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 44th most exported product in Vietnam. The main destination of Organic chemicals exports from Vietnam are: China ($414M), Chinese Taipei ($129M), Japan ($62.2M), United States ($42M), and Cambodia ($34.2M).

The fastest growing export markets for Organic chemicals of Vietnam between 2021 and 2022 were Chinese Taipei ($56.5M), Malaysia ($27.9M), and Thailand ($23.5M).

Imports In 2022, Vietnam imported $5.94B in Organic chemicals, becoming the 23rd largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 9th most imported product in Vietnam. Vietnam imports Organic chemicals primarily from: China ($2.47B), Chinese Taipei ($924M), Thailand ($404M), South Korea ($374M), and Singapore ($313M).

The fastest growing import markets in Organic chemicals for Vietnam between 2021 and 2022 were China ($496M), Malaysia ($28.2M), and India ($26.6M).

COMPANIES In 2023, leading companies such as Home Depot (537), IKEA Group (310), and CITY Furniture (112) were at the forefront of shipping Organic chemicals 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 Organic chemicals. 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)$910M
IMPORTS (2022)$5.94B
NET TRADE (2022)-$5.03B

In 2022, Vietnam exported $910M in Organic chemicals. The main destinations of Vietnam exports on Organic chemicals were China ($414M), Chinese Taipei ($129M), Japan ($62.2M), United States ($42M), and Cambodia ($34.2M).

In 2022, Vietnam imported $5.94B in Organic chemicals, mainly from China ($2.47B), Chinese Taipei ($924M), Thailand ($404M), South Korea ($374M), and Singapore ($313M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Chinese Taipei$56.5M (78.3%)
Malaysia$27.9M (643%)
Thailand$23.5M (443%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Vietnam WERE (2021 - 2022):
Switzerland-$14.9M (-99.5%)
South Korea-$6.05M (-34.8%)
Laos-$5.43M (-74.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Organic chemicals were:
In 2022, Vietnam's main importing competitors in Organic chemicals were:

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $217M
TOP IMPORT POTENTIALChina+ $777M

Organic chemicals’s highest export potential is China. With an export gap of $217M.   Organic chemicals’s highest import potential is China with an import gap of $777M.

See methodology.

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