2022
Exports
$35.7MWorld Rnk 23 / 164
Flag Rnk 83 / 96
2022
PRODUCT COMPLEXITY IN Vegetable textile fibers, paper yarn & fabrics
0.57Rnk 334 / 1025
2022
Imports
$171MWorld Rnk 9 / 208
Flag Rnk 78 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $35.7M in Vegetable textile fibers, paper yarn & fabrics, making it the 23rd largest exporter of Vegetable textile fibers, paper yarn & fabrics in the world. At the same year, Vegetable textile fibers, paper yarn & fabrics was the 83rd most exported product in Vietnam. The main destination of Vegetable textile fibers, paper yarn & fabrics exports from Vietnam are: China ($24.2M), Indonesia ($3.03M), Sri Lanka ($2.11M), South Korea ($2.1M), and United States ($764k).

The fastest growing export markets for Vegetable textile fibers, paper yarn & fabrics of Vietnam between 2021 and 2022 were Indonesia ($2.12M), Sri Lanka ($1.75M), and United States ($282k).

Imports In 2018, Vietnam imported $171M in Vegetable textile fibers, paper yarn & fabrics, becoming the 9th largest importer of Vegetable textile fibers, paper yarn & fabrics in the world. At the same year, Vegetable textile fibers, paper yarn & fabrics was the 78th most imported product in Vietnam. Vietnam imports Vegetable textile fibers, paper yarn & fabrics primarily from: China ($139M), Italy ($7.62M), Bangladesh ($6.21M), France ($5.83M), and Japan ($2.62M).

The fastest growing import markets in Vegetable textile fibers, paper yarn & fabrics for Vietnam between 2021 and 2022 were China ($22.9M), France ($5.51M), and Bangladesh ($1.59M).

COMPANIES In 2023, leading companies such as Old Navy (12), Gap (12), and Hyosung (5) were at the forefront of shipping Vegetable textile fibers, paper yarn & fabrics 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 Vegetable textile fibers, paper yarn & fabrics. 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)$35.7M
IMPORTS (2022)$171M
NET TRADE (2022)-$136M

In 2022, Vietnam exported $35.7M in Vegetable textile fibers, paper yarn & fabrics. The main destinations of Vietnam exports on Vegetable textile fibers, paper yarn & fabrics were China ($24.2M), Indonesia ($3.03M), Sri Lanka ($2.11M), South Korea ($2.1M), and United States ($764k).

In 2022, Vietnam imported $171M in Vegetable textile fibers, paper yarn & fabrics, mainly from China ($139M), Italy ($7.62M), Bangladesh ($6.21M), France ($5.83M), and Japan ($2.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable textile fibers, paper yarn & fabrics EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Indonesia$2.12M (233%)
Sri Lanka$1.75M (497%)
United States$282k (58.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable textile fibers, paper yarn & fabrics BY Vietnam WERE (2021 - 2022):
South Korea-$1.37M (-39.4%)
Cambodia-$273k (-44.4%)
China-$265k (-1.08%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Vegetable textile fibers, paper yarn & fabrics were:
In 2022, Vietnam's main importing competitors in Vegetable textile fibers, paper yarn & fabrics were:

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Trade Value of Vegetable textile fibers, paper yarn & fabrics by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $6.64M
TOP IMPORT POTENTIALChina+ $1.8M

Vegetable textile fibers, paper yarn & fabrics’s highest export potential is China. With an export gap of $6.64M.   Vegetable textile fibers, paper yarn & fabrics’s highest import potential is China with an import gap of $1.8M.

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