2023
Exports
$146MWorld Rnk 11 / 101
Flag Rnk 236 / 1173
2023
PRODUCT COMPLEXITY IN Phosphoric Acid
-0.67Rnk 754 / 1025
2023
Imports
$13.6MWorld Rnk 35 / 190
Flag Rnk 769 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $146M in Phosphoric Acid, making it the 11th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 236th most exported product in Vietnam. The main destination of Phosphoric Acid exports from Vietnam are: India ($87.8M), Thailand ($11.2M), Malaysia ($11.1M), Chinese Taipei ($11.1M), and Indonesia ($8.75M).

The fastest growing export markets for Phosphoric Acid of Vietnam between 2022 and 2023 were India ($22.8M), Chinese Taipei ($9.94M), and United States ($8.69M).

Imports In 2023, Vietnam imported $13.6M in Phosphoric Acid, becoming the 35th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 769th most imported product in Vietnam. Vietnam imports Phosphoric Acid primarily from: China ($12.8M), Malaysia ($405k), Singapore ($147k), Japan ($63.6k), and Germany ($47.6k).

The fastest growing import markets in Phosphoric Acid for Vietnam between 2022 and 2023 were India ($30.5k), Australia ($24.2k), and Turkey ($15.8k).

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 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 (2023)$146M
IMPORTS (2023)$13.6M
NET TRADE (2023)$133M

In 2023, Vietnam exported $146M in Phosphoric Acid. The main destinations of Vietnam exports on Phosphoric Acid were India ($87.8M), Thailand ($11.2M), Malaysia ($11.1M), Chinese Taipei ($11.1M), and Indonesia ($8.75M).

In 2023, Vietnam imported $13.6M in Phosphoric Acid, mainly from China ($12.8M), Malaysia ($405k), Singapore ($147k), Japan ($63.6k), and Germany ($47.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Phosphoric Acid EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
India$22.8M (35.1%)
Chinese Taipei$9.94M (890%)
United States$8.69M (21.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Phosphoric Acid BY Vietnam WERE (2022 - 2023):
Bangladesh-$41.5M (-100%)
Malaysia-$3.2M (-22.3%)
South Korea-$1.52M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Phosphoric Acid were:
Morocco $1.41B
China $708M
In 2023, 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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