2022
Exports
$257kWorld Rnk 47 / 109
Flag Rnk 1018 / 1176
2022
PRODUCT COMPLEXITY IN Synthetic Tanning Extracts
-0.0094Rnk 550 / 1025
2022
Imports
$24MWorld Rnk 7 / 180
Flag Rnk 705 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $257k in Synthetic Tanning Extracts, making it the 47th largest exporter of Synthetic Tanning Extracts in the world. At the same year, Synthetic Tanning Extracts was the 1018th most exported product in Vietnam. The main destination of Synthetic Tanning Extracts exports from Vietnam are: Cambodia ($115k), Thailand ($42.4k), India ($28.6k), Bangladesh ($21.9k), and Hong Kong ($15.8k).

The fastest growing export markets for Synthetic Tanning Extracts of Vietnam between 2021 and 2022 were India ($28.6k), Italy ($14.1k), and Hong Kong ($12.9k).

Imports In 2022, Vietnam imported $24M in Synthetic Tanning Extracts, becoming the 7th largest importer of Synthetic Tanning Extracts in the world. At the same year, Synthetic Tanning Extracts was the 705th most imported product in Vietnam. Vietnam imports Synthetic Tanning Extracts primarily from: China ($4.25M), Italy ($3.62M), India ($3.58M), Chinese Taipei ($2.33M), and France ($1.88M).

The fastest growing import markets in Synthetic Tanning Extracts for Vietnam between 2021 and 2022 were India ($816k), China ($636k), and France ($520k).

Latest Trends

Jul 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 Synthetic Tanning Extracts. 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)$257k
IMPORTS (2022)$24M
NET TRADE (2022)-$23.7M

In 2022, Vietnam exported $257k in Synthetic Tanning Extracts. The main destinations of Vietnam exports on Synthetic Tanning Extracts were Cambodia ($115k), Thailand ($42.4k), India ($28.6k), Bangladesh ($21.9k), and Hong Kong ($15.8k).

In 2022, Vietnam imported $24M in Synthetic Tanning Extracts, mainly from China ($4.25M), Italy ($3.62M), India ($3.58M), Chinese Taipei ($2.33M), and France ($1.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Tanning Extracts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$28.6k (1%)
Italy$14.1k (1%)
Hong Kong$12.9k (454%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Tanning Extracts BY Vietnam WERE (2021 - 2022):
Bangladesh-$43.8k (-66.7%)
South Korea-$42.9k (-100%)
China-$41.3k (-96.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Synthetic Tanning Extracts were:
Italy $123M
Germany $86.6M
Spain $66.2M
In 2022, Vietnam's main importing competitors in Synthetic Tanning Extracts were:
China $86.5M
Italy $56.3M
Brazil $42.3M

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Trade Value of Synthetic Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $33.3k
TOP IMPORT POTENTIALChina+ $666k

Synthetic Tanning Extracts’s highest export potential is India. With an export gap of $33.3k.   Synthetic Tanning Extracts’s highest import potential is China with an import gap of $666k.

See methodology.

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