2022
Exports
$59.4MWorld Rnk 6 / 194
Flag Rnk 379 / 1176
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$6.14MWorld Rnk 40 / 217
Flag Rnk 918 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $59.4M in Wood Ornaments, making it the 6th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 379th most exported product in Vietnam. The main destination of Wood Ornaments exports from Vietnam are: United States ($22.5M), Denmark ($6.32M), Canada ($4.96M), Japan ($4.49M), and South Korea ($3.53M).

The fastest growing export markets for Wood Ornaments of Vietnam between 2021 and 2022 were United States ($2.17M), Canada ($1.83M), and Singapore ($1.15M).

Imports In 2022, Vietnam imported $6.14M in Wood Ornaments, becoming the 40th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 918th most imported product in Vietnam. Vietnam imports Wood Ornaments primarily from: China ($4.89M), South Korea ($641k), Singapore ($186k), Italy ($77.5k), and Switzerland ($72.9k).

The fastest growing import markets in Wood Ornaments for Vietnam between 2021 and 2022 were China ($207k), Singapore ($132k), and Switzerland ($45.7k).

COMPANIES In 2023, leading companies such as Euromarket Designs (8), IKEA Group (4), and At Home Procurement (2) were at the forefront of shipping Wood Ornaments 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 Wood Ornaments. 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)$59.4M
IMPORTS (2022)$6.14M
NET TRADE (2022)$53.2M

In 2022, Vietnam exported $59.4M in Wood Ornaments. The main destinations of Vietnam exports on Wood Ornaments were United States ($22.5M), Denmark ($6.32M), Canada ($4.96M), Japan ($4.49M), and South Korea ($3.53M).

In 2022, Vietnam imported $6.14M in Wood Ornaments, mainly from China ($4.89M), South Korea ($641k), Singapore ($186k), Italy ($77.5k), and Switzerland ($72.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$2.17M (10.7%)
Canada$1.83M (58.5%)
Singapore$1.15M (1.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Vietnam WERE (2021 - 2022):
China-$844k (-23%)
Netherlands-$680k (-59.1%)
Saudi Arabia-$341k (-58%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Vietnam's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.97M
TOP IMPORT POTENTIALChina+ $3.29M

Wood Ornaments’s highest export potential is United States. With an export gap of $3.97M.   Wood Ornaments’s highest import potential is China with an import gap of $3.29M.

See methodology.

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