2023
Exports
$290MWorld Rnk 49 / 225
Flag Rnk 61 / 96
2023
PRODUCT COMPLEXITY IN Perfumery & cosmetics
0.37Rnk 427 / 1025
2023
Imports
$1.33BWorld Rnk 29 / 226
Flag Rnk 41 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $290M in Perfumery & cosmetics, making it the 49th largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 61st most exported product in Vietnam. The main destination of Perfumery & cosmetics exports from Vietnam are: Japan ($68.5M), United States ($40M), Malaysia ($25.3M), Thailand ($20.4M), and China ($18.4M).

The fastest growing export markets for Perfumery & cosmetics of Vietnam between 2022 and 2023 were Hong Kong ($6.84M), United States ($5.92M), and Germany ($1.3M).

Imports In 2023, Vietnam imported $1.33B in Perfumery & cosmetics, becoming the 29th largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 41st most imported product in Vietnam. Vietnam imports Perfumery & cosmetics primarily from: Singapore ($493M), China ($144M), Thailand ($133M), United States ($92.3M), and France ($91.7M).

The fastest growing import markets in Perfumery & cosmetics for Vietnam between 2022 and 2023 were China ($49.2M), Singapore ($34.7M), and Hong Kong ($33.4M).

COMPANIES In 2024, leading companies such as IKEA Group (23), QVC Inc (21), and Lollicup (19) were at the forefront of shipping Perfumery & cosmetics from Vietnam to the United States.

Latest Trends

Dec 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 (2023)$290M
IMPORTS (2023)$1.33B
NET TRADE (2023)-$1.04B

In 2023, Vietnam exported $290M in Perfumery & cosmetics. The main destinations of Vietnam exports on Perfumery & cosmetics were Japan ($68.5M), United States ($40M), Malaysia ($25.3M), Thailand ($20.4M), and China ($18.4M).

In 2023, Vietnam imported $1.33B in Perfumery & cosmetics, mainly from Singapore ($493M), China ($144M), Thailand ($133M), United States ($92.3M), and France ($91.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Hong Kong$6.84M (74%)
United States$5.92M (17.4%)
Germany$1.3M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY Vietnam WERE (2022 - 2023):
South Korea-$16.4M (-100%)
Japan-$4.38M (-6.01%)
Burma-$4M (-39.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Perfumery & cosmetics were:
In 2023, Vietnam's main importing competitors in Perfumery & cosmetics were:

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

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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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