2022
Exports
$4.85MWorld Rnk 58 / 153
Flag Rnk 751 / 1176
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$119MWorld Rnk 14 / 214
Flag Rnk 379 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $4.85M in Other Vegetable Oils, making it the 58th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 751st most exported product in Vietnam. The main destination of Other Vegetable Oils exports from Vietnam are: Laos ($3.44M), Malaysia ($683k), South Korea ($235k), Chinese Taipei ($117k), and Cambodia ($108k).

The fastest growing export markets for Other Vegetable Oils of Vietnam between 2021 and 2022 were Malaysia ($649k), South Korea ($228k), and Netherlands ($95.9k).

Imports In 2022, Vietnam imported $119M in Other Vegetable Oils, becoming the 14th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 379th most imported product in Vietnam. Vietnam imports Other Vegetable Oils primarily from: Malaysia ($84.4M), Indonesia ($26.5M), China ($5.84M), Singapore ($532k), and Japan ($349k).

The fastest growing import markets in Other Vegetable Oils for Vietnam between 2021 and 2022 were Malaysia ($14.1M), Indonesia ($3.16M), and China ($810k).

Latest Trends

Nov 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 Vegetable Oils. 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)$4.85M
IMPORTS (2022)$119M
NET TRADE (2022)-$114M

In 2022, Vietnam exported $4.85M in Other Vegetable Oils. The main destinations of Vietnam exports on Other Vegetable Oils were Laos ($3.44M), Malaysia ($683k), South Korea ($235k), Chinese Taipei ($117k), and Cambodia ($108k).

In 2022, Vietnam imported $119M in Other Vegetable Oils, mainly from Malaysia ($84.4M), Indonesia ($26.5M), China ($5.84M), Singapore ($532k), and Japan ($349k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Malaysia$649k (1.91k%)
South Korea$228k (2.94k%)
Netherlands$95.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Vietnam WERE (2021 - 2022):
United States-$540k (-99.3%)
Germany-$70.7k (-97.3%)
Singapore-$21.3k (-95.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Other Vegetable Oils were:
In 2022, Vietnam's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $288k
TOP IMPORT POTENTIALIndonesia+ $6.03M

Other Vegetable Oils’s highest export potential is Malaysia. With an export gap of $288k.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $6.03M.

See methodology.

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