2022
Exports
$323MWorld Rnk 48 / 226
Flag Rnk 60 / 96
2022
PRODUCT COMPLEXITY IN Perfumery & cosmetics
0.49Rnk 370 / 1025
2022
Imports
$1.62BWorld Rnk 23 / 225
Flag Rnk 38 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $323M in Perfumery & cosmetics, making it the 48th largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 60th most exported product in Vietnam. The main destination of Perfumery & cosmetics exports from Vietnam are: Japan ($92.8M), United States ($30.8M), Malaysia ($20.9M), South Korea ($20.3M), and Thailand ($20M).

The fastest growing export markets for Perfumery & cosmetics of Vietnam between 2021 and 2022 were Thailand ($7.63M), United States ($5.29M), and Philippines ($4.23M).

Imports In 2022, Vietnam imported $1.62B in Perfumery & cosmetics, becoming the 23rd largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 38th most imported product in Vietnam. Vietnam imports Perfumery & cosmetics primarily from: Singapore ($491M), South Korea ($339M), China ($147M), Thailand ($130M), and France ($110M).

The fastest growing import markets in Perfumery & cosmetics for Vietnam between 2021 and 2022 were Singapore ($110M), South Korea ($57.6M), and China ($45.1M).

COMPANIES In 2023, leading companies such as Lollicup (39), Conair (16), and QVC Inc (14) were at the forefront of shipping Perfumery & cosmetics 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 Perfumery & cosmetics. 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)$323M
IMPORTS (2022)$1.62B
NET TRADE (2022)-$1.3B

In 2022, Vietnam exported $323M in Perfumery & cosmetics. The main destinations of Vietnam exports on Perfumery & cosmetics were Japan ($92.8M), United States ($30.8M), Malaysia ($20.9M), South Korea ($20.3M), and Thailand ($20M).

In 2022, Vietnam imported $1.62B in Perfumery & cosmetics, mainly from Singapore ($491M), South Korea ($339M), China ($147M), Thailand ($130M), and France ($110M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Thailand$7.63M (61.9%)
United States$5.29M (20.7%)
Philippines$4.23M (50.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY Vietnam WERE (2021 - 2022):
Burma-$4.7M (-31.6%)
Chinese Taipei-$3.81M (-28.4%)
Malaysia-$2.69M (-11.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Perfumery & cosmetics were:
In 2022, Vietnam's main importing competitors in Perfumery & cosmetics were:

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $37M
TOP IMPORT POTENTIALChina+ $74.8M

Perfumery & cosmetics’s highest export potential is China. With an export gap of $37M.   Perfumery & cosmetics’s highest import potential is China with an import gap of $74.8M.

See methodology.

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