2022
Exports
$9.57MWorld Rnk 5 / 111
Flag Rnk 657 / 1176
2022
PRODUCT COMPLEXITY IN Rubber Thread
0.38Rnk 414 / 1025
2022
Imports
$28.1MWorld Rnk 3 / 194
Flag Rnk 669 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $9.57M in Rubber Thread, making it the 5th largest exporter of Rubber Thread in the world. At the same year, Rubber Thread was the 657th most exported product in Vietnam. The main destination of Rubber Thread exports from Vietnam are: Turkey ($4.39M), China ($3.85M), United States ($327k), Japan ($294k), and United Kingdom ($173k).

The fastest growing export markets for Rubber Thread of Vietnam between 2021 and 2022 were United States ($67.7k), South Korea ($42.8k), and Sweden ($40.5k).

Imports In 2022, Vietnam imported $28.1M in Rubber Thread, becoming the 3rd largest importer of Rubber Thread in the world. At the same year, Rubber Thread was the 669th most imported product in Vietnam. Vietnam imports Rubber Thread primarily from: Thailand ($16.3M), China ($7.08M), Malaysia ($3.89M), Chinese Taipei ($407k), and Japan ($264k).

The fastest growing import markets in Rubber Thread for Vietnam between 2021 and 2022 were China ($775k), Malaysia ($303k), and Chinese Taipei ($81.6k).

COMPANIES In 2023, leading companies such as Hyosung (711), At Home Procurement (4), and Amazon (1) were at the forefront of shipping Rubber Thread 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 Rubber Thread. 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)$9.57M
IMPORTS (2022)$28.1M
NET TRADE (2022)-$18.6M

In 2022, Vietnam exported $9.57M in Rubber Thread. The main destinations of Vietnam exports on Rubber Thread were Turkey ($4.39M), China ($3.85M), United States ($327k), Japan ($294k), and United Kingdom ($173k).

In 2022, Vietnam imported $28.1M in Rubber Thread, mainly from Thailand ($16.3M), China ($7.08M), Malaysia ($3.89M), Chinese Taipei ($407k), and Japan ($264k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Thread EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$67.7k (26.1%)
South Korea$42.8k (160%)
Sweden$40.5k (43.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Thread BY Vietnam WERE (2021 - 2022):
China-$1.52M (-28.2%)
Cambodia-$527k (-88.7%)
Japan-$179k (-37.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rubber Thread were:
In 2022, Vietnam's main importing competitors in Rubber Thread were:

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Trade Value of Rubber Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.74M
TOP IMPORT POTENTIALChina+ $1.36M

Rubber Thread’s highest export potential is China. With an export gap of $2.74M.   Rubber Thread’s highest import potential is China with an import gap of $1.36M.

See methodology.

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