2023
Exports
$729MWorld Rnk 12 / 198
Flag Rnk 44 / 96
2023
PRODUCT COMPLEXITY IN Products of the milling industry
0.81Rnk 248 / 1025
2023
Imports
$358MWorld Rnk 20 / 225
Flag Rnk 67 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $729M in Products of the milling industry, making it the 12th largest exporter of Products of the milling industry in the world. At the same year, Products of the milling industry was the 44th most exported product in Vietnam. The main destination of Products of the milling industry exports from Vietnam are: China ($530M), Thailand ($49.8M), Philippines ($36.6M), Chinese Taipei ($25.8M), and Malaysia ($13M).

The fastest growing export markets for Products of the milling industry of Vietnam between 2022 and 2023 were Thailand ($6.02M), Malaysia ($5.13M), and Chinese Taipei ($4.76M).

Imports In 2023, Vietnam imported $358M in Products of the milling industry, becoming the 20th largest importer of Products of the milling industry in the world. At the same year, Products of the milling industry was the 67th most imported product in Vietnam. Vietnam imports Products of the milling industry primarily from: Australia ($151M), India ($43M), China ($40.5M), Germany ($30.6M), and France ($24.7M).

The fastest growing import markets in Products of the milling industry for Vietnam between 2022 and 2023 were India ($27.7M), Australia ($19.3M), and Cambodia ($7.23M).

COMPANIES In 2024, leading companies such as Loblaws Supermarkets (15), Helly Hansen (3), and Dollarama (2) were at the forefront of shipping Products of the milling industry 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 Products of the milling industry. 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)$729M
IMPORTS (2023)$358M
NET TRADE (2023)$371M

In 2023, Vietnam exported $729M in Products of the milling industry. The main destinations of Vietnam exports on Products of the milling industry were China ($530M), Thailand ($49.8M), Philippines ($36.6M), Chinese Taipei ($25.8M), and Malaysia ($13M).

In 2023, Vietnam imported $358M in Products of the milling industry, mainly from Australia ($151M), India ($43M), China ($40.5M), Germany ($30.6M), and France ($24.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Products of the milling industry EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Thailand$6.02M (13.8%)
Malaysia$5.13M (65.3%)
Chinese Taipei$4.76M (22.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Products of the milling industry BY Vietnam WERE (2022 - 2023):
China-$344M (-39.4%)
Cambodia-$20.7M (-71.4%)
South Korea-$6.95M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Products of the milling industry were:
Germany $2.58B
Turkey $1.92B
Belgium $1.81B
In 2023, Vietnam's main importing competitors in Products of the milling industry were:

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Trade Value of Products of the milling industry by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.3M
TOP IMPORT POTENTIALChina+ $15.2M

Products of the milling industry’s highest export potential is United States. With an export gap of $10.3M.   Products of the milling industry’s highest import potential is China with an import gap of $15.2M.

See methodology.

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