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Exports In 2022, Vietnam exported $40.5M in Turpentine, making it the 4th largest exporter of Turpentine in the world. At the same year, Turpentine was the 433rd most exported product in Vietnam. The main destination of Turpentine exports from Vietnam are: India ($34.3M), China ($2.92M), Japan ($1.85M), France ($885k), and Bangladesh ($127k).

The fastest growing export markets for Turpentine of Vietnam between 2021 and 2022 were Japan ($1.02M), Kenya ($64.2k), and Pakistan ($54.6k).

Imports In 2022, Vietnam imported $496k in Turpentine, becoming the 54th largest importer of Turpentine in the world. At the same year, Turpentine was the 1127th most imported product in Vietnam. Vietnam imports Turpentine primarily from: Japan ($281k), Chinese Taipei ($174k), China ($14.3k), Australia ($11.7k), and Thailand ($5.19k).

The fastest growing import markets in Turpentine for Vietnam between 2021 and 2022 were Laos ($1.59k), South Korea ($1.23k), and France ($784).

COMPANIES In 2023, leading companies such as Home Depot (6), IKEA Group (3), and Jo-Ann Stores (1) were at the forefront of shipping Turpentine from Vietnam to the United States.

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 Turpentine. 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)$40.5M
IMPORTS (2022)$496k
NET TRADE (2022)$40M

In 2022, Vietnam exported $40.5M in Turpentine. The main destinations of Vietnam exports on Turpentine were India ($34.3M), China ($2.92M), Japan ($1.85M), France ($885k), and Bangladesh ($127k).

In 2022, Vietnam imported $496k in Turpentine, mainly from Japan ($281k), Chinese Taipei ($174k), China ($14.3k), Australia ($11.7k), and Thailand ($5.19k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Turpentine EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$1.02M (122%)
Kenya$64.2k (1%)
Pakistan$54.6k (82%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Turpentine BY Vietnam WERE (2021 - 2022):
China-$6.73M (-69.8%)
India-$1.58M (-4.41%)
United States-$446k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Turpentine by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.53M
TOP IMPORT POTENTIALChina+ $55.4k

Turpentine’s highest export potential is China. With an export gap of $1.53M.   Turpentine’s highest import potential is China with an import gap of $55.4k.

See methodology.

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