2022
Exports
$118MWorld Rnk 30 / 202
Flag Rnk 289 / 1176
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$143MWorld Rnk 33 / 225
Flag Rnk 339 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $118M in Sauces and Seasonings, making it the 30th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 289th most exported product in Vietnam. The main destination of Sauces and Seasonings exports from Vietnam are: Japan ($33.7M), United States ($13.8M), Philippines ($8.54M), Russia ($7.44M), and Cambodia ($6.16M).

The fastest growing export markets for Sauces and Seasonings of Vietnam between 2021 and 2022 were Japan ($4.93M), South Korea ($2.68M), and Philippines ($1.52M).

Imports In 2022, Vietnam imported $143M in Sauces and Seasonings, becoming the 33rd largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 339th most imported product in Vietnam. Vietnam imports Sauces and Seasonings primarily from: China ($51.7M), Thailand ($25.9M), South Korea ($15.7M), Malaysia ($12.8M), and Japan ($11.5M).

The fastest growing import markets in Sauces and Seasonings for Vietnam between 2021 and 2022 were China ($37.6M), Malaysia ($3.82M), and Thailand ($3.16M).

COMPANIES In 2023, leading companies such as Home Depot (12), CITY Furniture (6), and Amazon (1) were at the forefront of shipping Sauces and Seasonings from Vietnam to the United States.

Latest Trends

Aug 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 Sauces and Seasonings. 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)$118M
IMPORTS (2022)$143M
NET TRADE (2022)-$25.5M

In 2022, Vietnam exported $118M in Sauces and Seasonings. The main destinations of Vietnam exports on Sauces and Seasonings were Japan ($33.7M), United States ($13.8M), Philippines ($8.54M), Russia ($7.44M), and Cambodia ($6.16M).

In 2022, Vietnam imported $143M in Sauces and Seasonings, mainly from China ($51.7M), Thailand ($25.9M), South Korea ($15.7M), Malaysia ($12.8M), and Japan ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$4.93M (17.1%)
South Korea$2.68M (132%)
Philippines$1.52M (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Vietnam WERE (2021 - 2022):
Belarus-$636k (-95.4%)
Chinese Taipei-$464k (-7.35%)
Thailand-$451k (-13.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.53M
TOP IMPORT POTENTIALChina+ $18.4M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $9.53M.   Sauces and Seasonings’s highest import potential is China with an import gap of $18.4M.

See methodology.

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