2023
Exports
$153MWorld Rnk 3 / 145
Flag Rnk 68 / 96
2023
PRODUCT COMPLEXITY IN Silk
0.51Rnk 369 / 1025
2023
Imports
$92.5MWorld Rnk 5 / 195
Flag Rnk 85 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $153M in Silk, making it the 3rd largest exporter of Silk in the world. At the same year, Silk was the 68th most exported product in Vietnam. The main destination of Silk exports from Vietnam are: India ($110M), Japan ($23.9M), Thailand ($5.53M), Italy ($4.99M), and France ($3.54M).

The fastest growing export markets for Silk of Vietnam between 2022 and 2023 were Thailand ($2.14M), France ($1.45M), and Italy ($1.37M).

Imports In 2018, Vietnam imported $92.5M in Silk, becoming the 5th largest importer of Silk in the world. At the same year, Silk was the 85th most imported product in Vietnam. Vietnam imports Silk primarily from: China ($56.3M), Japan ($20.4M), Uzbekistan ($12.3M), India ($866k), and Germany ($801k).

The fastest growing import markets in Silk for Vietnam between 2022 and 2023 were China ($17.1M), Uzbekistan ($3.56M), and India ($733k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Silk. 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)$153M
IMPORTS (2023)$92.5M
NET TRADE (2023)$60.1M

In 2023, Vietnam exported $153M in Silk. The main destinations of Vietnam exports on Silk were India ($110M), Japan ($23.9M), Thailand ($5.53M), Italy ($4.99M), and France ($3.54M).

In 2023, Vietnam imported $92.5M in Silk, mainly from China ($56.3M), Japan ($20.4M), Uzbekistan ($12.3M), India ($866k), and Germany ($801k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silk EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Thailand$2.14M (62.9%)
France$1.45M (69.1%)
Italy$1.37M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk BY Vietnam WERE (2022 - 2023):
India-$6.67M (-5.71%)
Laos-$2.3M (-100%)
South Korea-$1.68M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Vietnam's main exporting competitors in Silk were:
China $729M
Italy $269M
In 2023, Vietnam's main importing competitors in Silk were:
Italy $343M
India $220M

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Trade Value of Silk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $630k
TOP IMPORT POTENTIALChina+ $3.23M

Silk’s highest export potential is Italy. With an export gap of $630k.   Silk’s highest import potential is China with an import gap of $3.23M.

See methodology.

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