2022
Exports
$15.8BWorld Rnk 20 / 226
Flag Rnk 6 / 21
2022
PRODUCT COMPLEXITY IN Plastics and Rubbers
1.72Rnk 19 / 1025
2022
Imports
$24.5BWorld Rnk 14 / 226
Flag Rnk 6 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $15.8B in Plastics and Rubbers, making it the 20th largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 6th most exported product in Vietnam. The main destination of Plastics and Rubbers exports from Vietnam are: United States ($4.54B), China ($3.06B), Japan ($1.29B), Indonesia ($634M), and India ($589M).

The fastest growing export markets for Plastics and Rubbers of Vietnam between 2021 and 2022 were United States ($909M), Cambodia ($141M), and Brazil ($131M).

Imports In 2022, Vietnam imported $24.5B in Plastics and Rubbers, becoming the 14th largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 6th most imported product in Vietnam. Vietnam imports Plastics and Rubbers primarily from: China ($8.25B), South Korea ($4.36B), Chinese Taipei ($1.99B), Thailand ($1.66B), and Japan ($1.52B).

The fastest growing import markets in Plastics and Rubbers for Vietnam between 2021 and 2022 were Saudi Arabia ($645M), China ($615M), and South Korea ($188M).

COMPANIES In 2023, leading companies such as Sailun Tire (5.46k), Cali Bamboo Flooring (3.18k), and Goodyear Tire and Rubber (832) were at the forefront of shipping Plastics and Rubbers from Vietnam to the United States.

Latest Trends

Sep 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 Plastics and Rubbers. 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)$15.8B
IMPORTS (2022)$24.5B
NET TRADE (2022)-$8.71B

In 2022, Vietnam exported $15.8B in Plastics and Rubbers. The main destinations of Vietnam exports on Plastics and Rubbers were United States ($4.54B), China ($3.06B), Japan ($1.29B), Indonesia ($634M), and India ($589M).

In 2022, Vietnam imported $24.5B in Plastics and Rubbers, mainly from China ($8.25B), South Korea ($4.36B), Chinese Taipei ($1.99B), Thailand ($1.66B), and Japan ($1.52B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$909M (25.1%)
Cambodia$141M (60.5%)
Brazil$131M (78.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY Vietnam WERE (2021 - 2022):
Turkey-$47.1M (-28.4%)
Sri Lanka-$26.5M (-39.1%)
Belarus-$26.5M (-85.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Plastics and Rubbers were:
In 2022, Vietnam's main importing competitors in Plastics and Rubbers were:

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.26B
TOP IMPORT POTENTIALChina+ $1.94B

Plastics and Rubbers’s highest export potential is China. With an export gap of $1.26B.   Plastics and Rubbers’s highest import potential is China with an import gap of $1.94B.

See methodology.

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