2022
Exports
$68.2MWorld Rnk 16 / 200
Flag Rnk 359 / 1176
2022
PRODUCT COMPLEXITY IN Pens
0.7Rnk 277 / 1025
2022
Imports
$98MWorld Rnk 20 / 222
Flag Rnk 424 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $68.2M in Pens, making it the 16th largest exporter of Pens in the world. At the same year, Pens was the 359th most exported product in Vietnam. The main destination of Pens exports from Vietnam are: Japan ($13.5M), United States ($13M), Philippines ($5.54M), Mexico ($4.9M), and United Kingdom ($2.52M).

The fastest growing export markets for Pens of Vietnam between 2021 and 2022 were Philippines ($4.63M), United States ($3.37M), and Burma ($1.53M).

Imports In 2022, Vietnam imported $98M in Pens, becoming the 20th largest importer of Pens in the world. At the same year, Pens was the 424th most imported product in Vietnam. Vietnam imports Pens primarily from: China ($68.7M), Japan ($9.92M), Malaysia ($5.26M), India ($4.12M), and South Korea ($3.24M).

The fastest growing import markets in Pens for Vietnam between 2021 and 2022 were China ($18.3M), Malaysia ($2.24M), and India ($1.71M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Pens 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 Pens. 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)$68.2M
IMPORTS (2022)$98M
NET TRADE (2022)-$29.8M

In 2022, Vietnam exported $68.2M in Pens. The main destinations of Vietnam exports on Pens were Japan ($13.5M), United States ($13M), Philippines ($5.54M), Mexico ($4.9M), and United Kingdom ($2.52M).

In 2022, Vietnam imported $98M in Pens, mainly from China ($68.7M), Japan ($9.92M), Malaysia ($5.26M), India ($4.12M), and South Korea ($3.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pens EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Philippines$4.63M (508%)
United States$3.37M (35.1%)
Burma$1.53M (1.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pens BY Vietnam WERE (2021 - 2022):
Japan-$1.04M (-7.15%)
Germany-$734k (-41.1%)
Poland-$307k (-24%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Pens were:
China $2.39B
Japan $1.02B
In 2022, Vietnam's main importing competitors in Pens were:

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Trade Value of Pens by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.26M
TOP IMPORT POTENTIALChina+ $18.3M

Pens’s highest export potential is United States. With an export gap of $5.26M.   Pens’s highest import potential is China with an import gap of $18.3M.

See methodology.

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