2022
Exports
$4.06MWorld Rnk 52 / 148
Flag Rnk 776 / 1176
2022
PRODUCT COMPLEXITY IN Rock Wool
0.63Rnk 307 / 1025
2022
Imports
$52.3MWorld Rnk 32 / 215
Flag Rnk 542 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $4.06M in Rock Wool, making it the 52nd largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 776th most exported product in Vietnam. The main destination of Rock Wool exports from Vietnam are: China ($2.04M), Hong Kong ($513k), Japan ($324k), Cambodia ($322k), and Malaysia ($195k).

The fastest growing export markets for Rock Wool of Vietnam between 2021 and 2022 were Hong Kong ($444k), Malaysia ($133k), and Nigeria ($117k).

Imports In 2022, Vietnam imported $52.3M in Rock Wool, becoming the 32nd largest importer of Rock Wool in the world. At the same year, Rock Wool was the 542nd most imported product in Vietnam. Vietnam imports Rock Wool primarily from: China ($32M), South Korea ($7.17M), Thailand ($4.06M), Japan ($1.7M), and Slovenia ($966k).

The fastest growing import markets in Rock Wool for Vietnam between 2021 and 2022 were South Korea ($3.53M), Thailand ($2.22M), and United Arab Emirates ($640k).

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 Rock Wool. 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)$4.06M
IMPORTS (2022)$52.3M
NET TRADE (2022)-$48.2M

In 2022, Vietnam exported $4.06M in Rock Wool. The main destinations of Vietnam exports on Rock Wool were China ($2.04M), Hong Kong ($513k), Japan ($324k), Cambodia ($322k), and Malaysia ($195k).

In 2022, Vietnam imported $52.3M in Rock Wool, mainly from China ($32M), South Korea ($7.17M), Thailand ($4.06M), Japan ($1.7M), and Slovenia ($966k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Hong Kong$444k (643%)
Malaysia$133k (214%)
Nigeria$117k (906%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY Vietnam WERE (2021 - 2022):
China-$749k (-26.9%)
Russia-$505k (-100%)
Indonesia-$182k (-80%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rock Wool were:
In 2022, Vietnam's main importing competitors in Rock Wool were:

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.24M
TOP IMPORT POTENTIALChina+ $1.95M

Rock Wool’s highest export potential is China. With an export gap of $1.24M.   Rock Wool’s highest import potential is China with an import gap of $1.95M.

See methodology.

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