2022
Exports
$19.5MWorld Rnk 10 / 134
Flag Rnk 561 / 1176
2022
PRODUCT COMPLEXITY IN Rubber Textiles
0.14Rnk 506 / 1025
2022
Imports
$63.4MWorld Rnk 1 / 208
Flag Rnk 504 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $19.5M in Rubber Textiles, making it the 10th largest exporter of Rubber Textiles in the world. At the same year, Rubber Textiles was the 561st most exported product in Vietnam. The main destination of Rubber Textiles exports from Vietnam are: Cambodia ($3.15M), Indonesia ($3.06M), South Korea ($2.74M), United States ($2.04M), and Chinese Taipei ($1.84M).

The fastest growing export markets for Rubber Textiles of Vietnam between 2021 and 2022 were United States ($743k), Bangladesh ($510k), and Cambodia ($479k).

Imports In 2022, Vietnam imported $63.4M in Rubber Textiles, becoming the 1st largest importer of Rubber Textiles in the world. At the same year, Rubber Textiles was the 504th most imported product in Vietnam. Vietnam imports Rubber Textiles primarily from: China ($36.2M), Chinese Taipei ($12.2M), Hong Kong ($6.87M), Sri Lanka ($1.44M), and Indonesia ($1.31M).

The fastest growing import markets in Rubber Textiles for Vietnam between 2021 and 2022 were Chinese Taipei ($4.7M), Sri Lanka ($553k), and Indonesia ($334k).

COMPANIES In 2023, leading companies such as Old Navy (9), Gap (4), and Banana Republic (2) were at the forefront of shipping Rubber Textiles from Vietnam to the United States.

Latest Trends

Oct 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 Rubber Textiles. 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)$19.5M
IMPORTS (2022)$63.4M
NET TRADE (2022)-$43.9M

In 2022, Vietnam exported $19.5M in Rubber Textiles. The main destinations of Vietnam exports on Rubber Textiles were Cambodia ($3.15M), Indonesia ($3.06M), South Korea ($2.74M), United States ($2.04M), and Chinese Taipei ($1.84M).

In 2022, Vietnam imported $63.4M in Rubber Textiles, mainly from China ($36.2M), Chinese Taipei ($12.2M), Hong Kong ($6.87M), Sri Lanka ($1.44M), and Indonesia ($1.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Textiles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$743k (57.3%)
Bangladesh$510k (52%)
Cambodia$479k (17.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Textiles BY Vietnam WERE (2021 - 2022):
South Korea-$1.44M (-34.4%)
Philippines-$591k (-84.5%)
Chinese Taipei-$161k (-8.05%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rubber Textiles were:
China $343M
Italy $86.9M
France $63.1M
In 2022, Vietnam's main importing competitors in Rubber Textiles were:

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Trade Value of Rubber Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.23M
TOP IMPORT POTENTIALChina+ $2.05M

Rubber Textiles’s highest export potential is China. With an export gap of $1.23M.   Rubber Textiles’s highest import potential is China with an import gap of $2.05M.

See methodology.

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