2023
Exports
$206MWorld Rnk 59 / 214
Flag Rnk 198 / 1173
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.63BWorld Rnk 44 / 226
Flag Rnk 26 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $206M in Packaged Medicaments, making it the 59th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 198th most exported product in Vietnam. The main destination of Packaged Medicaments exports from Vietnam are: Japan ($49.3M), Cyprus ($34.5M), Cambodia ($23M), Philippines ($12.4M), and China ($11.2M).

The fastest growing export markets for Packaged Medicaments of Vietnam between 2022 and 2023 were Japan ($8.78M), China ($5.86M), and Philippines ($2.18M).

Imports In 2023, Vietnam imported $1.63B in Packaged Medicaments, becoming the 44th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 26th most imported product in Vietnam. Vietnam imports Packaged Medicaments primarily from: Germany ($225M), France ($201M), Belgium ($188M), India ($122M), and United Kingdom ($89.2M).

The fastest growing import markets in Packaged Medicaments for Vietnam between 2022 and 2023 were Singapore ($27.6M), Switzerland ($17M), and United Kingdom ($13.2M).

Latest Trends

Jan 2025

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 Packaged Medicaments. 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)$206M
IMPORTS (2023)$1.63B
NET TRADE (2023)-$1.43B

In 2023, Vietnam exported $206M in Packaged Medicaments. The main destinations of Vietnam exports on Packaged Medicaments were Japan ($49.3M), Cyprus ($34.5M), Cambodia ($23M), Philippines ($12.4M), and China ($11.2M).

In 2023, Vietnam imported $1.63B in Packaged Medicaments, mainly from Germany ($225M), France ($201M), Belgium ($188M), India ($122M), and United Kingdom ($89.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Japan$8.78M (21.7%)
China$5.86M (110%)
Philippines$2.18M (21.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Vietnam WERE (2022 - 2023):
Germany-$6.58M (-43.1%)
United States-$5.51M (-69.1%)
South Korea-$4.39M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Packaged Medicaments were:
In 2023, Vietnam's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $29.6M
TOP IMPORT POTENTIALIndia+ $154M

Packaged Medicaments’s highest export potential is Japan. With an export gap of $29.6M.   Packaged Medicaments’s highest import potential is India with an import gap of $154M.

See methodology.

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