2022
Exports
$89.5MWorld Rnk 2 / 145
Flag Rnk 319 / 1176
2022
PRODUCT COMPLEXITY IN Spice Seeds
-1.2Rnk 880 / 1025
2022
Imports
$34.1MWorld Rnk 11 / 216
Flag Rnk 630 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $89.5M in Spice Seeds, making it the 2nd largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 319th most exported product in Vietnam. The main destination of Spice Seeds exports from Vietnam are: India ($47.4M), China ($9.38M), United States ($6.06M), Netherlands ($3.98M), and Germany ($2.11M).

The fastest growing export markets for Spice Seeds of Vietnam between 2021 and 2022 were China ($8.23M), Netherlands ($1.44M), and United States ($865k).

Imports In 2022, Vietnam imported $34.1M in Spice Seeds, becoming the 11th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 630th most imported product in Vietnam. Vietnam imports Spice Seeds primarily from: China ($25.6M), India ($6.25M), Italy ($1.31M), Russia ($245k), and Bulgaria ($147k).

The fastest growing import markets in Spice Seeds for Vietnam between 2021 and 2022 were India ($2.12M), Russia ($156k), and Bulgaria ($122k).

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 Spice Seeds. 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)$89.5M
IMPORTS (2022)$34.1M
NET TRADE (2022)$55.4M

In 2022, Vietnam exported $89.5M in Spice Seeds. The main destinations of Vietnam exports on Spice Seeds were India ($47.4M), China ($9.38M), United States ($6.06M), Netherlands ($3.98M), and Germany ($2.11M).

In 2022, Vietnam imported $34.1M in Spice Seeds, mainly from China ($25.6M), India ($6.25M), Italy ($1.31M), Russia ($245k), and Bulgaria ($147k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$8.23M (713%)
Netherlands$1.44M (56.8%)
United States$865k (16.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY Vietnam WERE (2021 - 2022):
India-$21.3M (-31%)
South Korea-$965k (-58.1%)
Pakistan-$960k (-76.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Spice Seeds were:
India $618M
China $84.7M
In 2022, Vietnam's main importing competitors in Spice Seeds were:

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.63M
TOP IMPORT POTENTIALIndia+ $2.99M

Spice Seeds’s highest export potential is China. With an export gap of $6.63M.   Spice Seeds’s highest import potential is India with an import gap of $2.99M.

See methodology.

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