2022
Exports
$46.4MWorld Rnk 16 / 146
Flag Rnk 414 / 1176
2022
PRODUCT COMPLEXITY IN Other Synthetic Fabrics
-0.22Rnk 620 / 1025
2022
Imports
$284MWorld Rnk 1 / 198
Flag Rnk 215 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $46.4M in Other Synthetic Fabrics, making it the 16th largest exporter of Other Synthetic Fabrics in the world. At the same year, Other Synthetic Fabrics was the 414th most exported product in Vietnam. The main destination of Other Synthetic Fabrics exports from Vietnam are: Cambodia ($23.8M), Indonesia ($6.65M), Bangladesh ($5.69M), Chinese Taipei ($3.03M), and Japan ($1.61M).

The fastest growing export markets for Other Synthetic Fabrics of Vietnam between 2021 and 2022 were Cambodia ($21.4M), Chinese Taipei ($2.97M), and Japan ($1.02M).

Imports In 2018, Vietnam imported $284M in Other Synthetic Fabrics, becoming the 1st largest importer of Other Synthetic Fabrics in the world. At the same year, Other Synthetic Fabrics was the 215th most imported product in Vietnam. Vietnam imports Other Synthetic Fabrics primarily from: China ($155M), South Korea ($34.2M), India ($31.1M), Chinese Taipei ($22.7M), and Japan ($15.1M).

The fastest growing import markets in Other Synthetic Fabrics for Vietnam between 2021 and 2022 were China ($17.8M), India ($14.3M), and Romania ($2.96M).

COMPANIES In 2023, leading companies such as Old Navy (40), Gap (18), and Banana Republic (5) were at the forefront of shipping Other Synthetic Fabrics 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 Other Synthetic Fabrics. 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)$46.4M
IMPORTS (2022)$284M
NET TRADE (2022)-$238M

In 2022, Vietnam exported $46.4M in Other Synthetic Fabrics. The main destinations of Vietnam exports on Other Synthetic Fabrics were Cambodia ($23.8M), Indonesia ($6.65M), Bangladesh ($5.69M), Chinese Taipei ($3.03M), and Japan ($1.61M).

In 2022, Vietnam imported $284M in Other Synthetic Fabrics, mainly from China ($155M), South Korea ($34.2M), India ($31.1M), Chinese Taipei ($22.7M), and Japan ($15.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Synthetic Fabrics EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$21.4M (882%)
Chinese Taipei$2.97M (4.54k%)
Japan$1.02M (173%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Synthetic Fabrics BY Vietnam WERE (2021 - 2022):
China-$2.9M (-80.3%)
South Korea-$1.4M (-55.1%)
Bangladesh-$627k (-9.92%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Other Synthetic Fabrics were:
China $1.73B
India $400M
In 2022, Vietnam's main importing competitors in Other Synthetic Fabrics were:

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Trade Value of Other Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBangladesh+ $1.44M
TOP IMPORT POTENTIALChina+ $14.7M

Other Synthetic Fabrics’s highest export potential is Bangladesh. With an export gap of $1.44M.   Other Synthetic Fabrics’s highest import potential is China with an import gap of $14.7M.

See methodology.

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