2022
Exports
$136MWorld Rnk 13 / 106
Flag Rnk 268 / 1176
2022
PRODUCT COMPLEXITY IN Phosphoric Acid
-0.58Rnk 718 / 1025
2022
Imports
$21.8MWorld Rnk 36 / 191
Flag Rnk 719 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $136M in Phosphoric Acid, making it the 13th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 268th most exported product in Vietnam. The main destination of Phosphoric Acid exports from Vietnam are: India ($64M), Bangladesh ($41.5M), Malaysia ($13.3M), Indonesia ($6.53M), and Thailand ($2.88M).

The fastest growing export markets for Phosphoric Acid of Vietnam between 2021 and 2022 were Bangladesh ($30M), India ($14.4M), and Japan ($2.06M).

Imports In 2022, Vietnam imported $21.8M in Phosphoric Acid, becoming the 36th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 719th most imported product in Vietnam. Vietnam imports Phosphoric Acid primarily from: China ($15.8M), South Korea ($4.82M), Malaysia ($429k), Singapore ($285k), and Chinese Taipei ($156k).

The fastest growing import markets in Phosphoric Acid for Vietnam between 2021 and 2022 were South Korea ($2.92M), China ($1.11M), and Malaysia ($374k).

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 Phosphoric Acid. 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)$136M
IMPORTS (2022)$21.8M
NET TRADE (2022)$114M

In 2022, Vietnam exported $136M in Phosphoric Acid. The main destinations of Vietnam exports on Phosphoric Acid were India ($64M), Bangladesh ($41.5M), Malaysia ($13.3M), Indonesia ($6.53M), and Thailand ($2.88M).

In 2022, Vietnam imported $21.8M in Phosphoric Acid, mainly from China ($15.8M), South Korea ($4.82M), Malaysia ($429k), Singapore ($285k), and Chinese Taipei ($156k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Bangladesh$30M (261%)
India$14.4M (29%)
Japan$2.06M (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Acid BY Vietnam WERE (2021 - 2022):
Indonesia-$22M (-77.1%)
Chinese Taipei-$6.3M (-87.9%)
South Korea-$5.75M (-77.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Phosphoric Acid were:
In 2022, Vietnam's main importing competitors in Phosphoric Acid were:

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Trade Value of Phosphoric Acid by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $15.8M
TOP IMPORT POTENTIALChina+ $4.87M

Phosphoric Acid’s highest export potential is India. With an export gap of $15.8M.   Phosphoric Acid’s highest import potential is China with an import gap of $4.87M.

See methodology.

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