2022
Exports
$13MWorld Rnk 49 / 133
Flag Rnk 620 / 1176
2022
PRODUCT COMPLEXITY IN Wheat
-0.42Rnk 677 / 1025
2022
Imports
$1.37BWorld Rnk 17 / 194
Flag Rnk 42 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $13M in Wheat, making it the 49th largest exporter of Wheat in the world. At the same year, Wheat was the 620th most exported product in Vietnam. The main destination of Wheat exports from Vietnam are: Cambodia ($12.4M), Malaysia ($260k), Thailand ($178k), Laos ($99.7k), and India ($24.9k).

The fastest growing export markets for Wheat of Vietnam between 2021 and 2022 were Malaysia ($260k), India ($24.9k), and Canada ($2.1k).

Imports In 2022, Vietnam imported $1.37B in Wheat, becoming the 17th largest importer of Wheat in the world. At the same year, Wheat was the 42nd most imported product in Vietnam. Vietnam imports Wheat primarily from: Australia ($990M), Brazil ($116M), United States ($110M), Argentina ($77.9M), and India ($25.4M).

The fastest growing import markets in Wheat for Vietnam between 2021 and 2022 were Australia ($125M), Brazil ($59.4M), and United States ($53M).

COMPANIES In 2023, leading companies such as LG Electronics (6), Electrolux (1), and Coaster Fine Furniture (1) were at the forefront of shipping Wheat from Vietnam to the United States.

Latest Trends

Aug 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 Wheat. 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)$13M
IMPORTS (2022)$1.37B
NET TRADE (2022)-$1.36B

In 2022, Vietnam exported $13M in Wheat. The main destinations of Vietnam exports on Wheat were Cambodia ($12.4M), Malaysia ($260k), Thailand ($178k), Laos ($99.7k), and India ($24.9k).

In 2022, Vietnam imported $1.37B in Wheat, mainly from Australia ($990M), Brazil ($116M), United States ($110M), Argentina ($77.9M), and India ($25.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Malaysia$260k (1%)
India$24.9k (1%)
Canada$2.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Vietnam WERE (2021 - 2022):
Senegal-$592k (-100%)
Laos-$230k (-69.8%)
Thailand-$106k (-37.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Wheat were:
In 2022, Vietnam's main importing competitors in Wheat were:
Egypt $4.82B
China $4.52B

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $430k
TOP IMPORT POTENTIALUnited States+ $33M

Wheat’s highest export potential is Thailand. With an export gap of $430k.   Wheat’s highest import potential is United States with an import gap of $33M.

See methodology.

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