2023
Exports
$698MWorld Rnk 4 / 219
Flag Rnk 89 / 1173
2023
PRODUCT COMPLEXITY IN Other Cloth Articles
-1.38Rnk 920 / 1025
2023
Imports
$157MWorld Rnk 21 / 225
Flag Rnk 296 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $698M in Other Cloth Articles, making it the 4th largest exporter of Other Cloth Articles in the world. At the same year, Other Cloth Articles was the 89th most exported product in Vietnam. The main destination of Other Cloth Articles exports from Vietnam are: United States ($201M), Japan ($110M), Germany ($105M), Spain ($25.1M), and United Kingdom ($23.6M).

The fastest growing export markets for Other Cloth Articles of Vietnam between 2022 and 2023 were Israel ($2.29M), Germany ($1.56M), and Norway ($1.46M).

Imports In 2023, Vietnam imported $157M in Other Cloth Articles, becoming the 21st largest importer of Other Cloth Articles in the world. At the same year, Other Cloth Articles was the 296th most imported product in Vietnam. Vietnam imports Other Cloth Articles primarily from: China ($121M), Chinese Taipei ($12.3M), Japan ($11.2M), Hong Kong ($4.54M), and Thailand ($2.12M).

The fastest growing import markets in Other Cloth Articles for Vietnam between 2022 and 2023 were China ($30.9M), Hong Kong ($4.11M), and Japan ($3.02M).

COMPANIES In 2024, leading companies such as IKEA Group (178), Stihl (48), and DuPont (19) were at the forefront of shipping Other Cloth Articles from Vietnam to the United States.

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 Other Cloth Articles. 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)$698M
IMPORTS (2023)$157M
NET TRADE (2023)$541M

In 2023, Vietnam exported $698M in Other Cloth Articles. The main destinations of Vietnam exports on Other Cloth Articles were United States ($201M), Japan ($110M), Germany ($105M), Spain ($25.1M), and United Kingdom ($23.6M).

In 2023, Vietnam imported $157M in Other Cloth Articles, mainly from China ($121M), Chinese Taipei ($12.3M), Japan ($11.2M), Hong Kong ($4.54M), and Thailand ($2.12M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Cloth Articles EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Israel$2.29M (1.76k%)
Germany$1.56M (1.51%)
Norway$1.46M (32.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Cloth Articles BY Vietnam WERE (2022 - 2023):
United States-$90.6M (-31%)
South Korea-$51.8M (-100%)
United Kingdom-$13.4M (-36.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Other Cloth Articles were:
China $9.79B
In 2023, Vietnam's main importing competitors in Other Cloth Articles were:

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Trade Value of Other Cloth Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.6M
TOP IMPORT POTENTIALChina+ $67.5M

Other Cloth Articles’s highest export potential is United States. With an export gap of $38.6M.   Other Cloth Articles’s highest import potential is China with an import gap of $67.5M.

See methodology.

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