2022
Exports
$6.58BWorld Rnk 7 / 221
Flag Rnk 13 / 21
2022
PRODUCT COMPLEXITY IN Wood Products
0.3Rnk 451 / 1025
2022
Imports
$2.43BWorld Rnk 20 / 226
Flag Rnk 16 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.58B in Wood Products, making it the 7th largest exporter of Wood Products in the world. At the same year, Wood Products was the 13th most exported product in Vietnam. The main destination of Wood Products exports from Vietnam are: China ($2.14B), Japan ($1.47B), United States ($997M), South Korea ($990M), and Malaysia ($122M).

The fastest growing export markets for Wood Products of Vietnam between 2021 and 2022 were China ($689M), Japan ($415M), and South Korea ($160M).

Imports In 2022, Vietnam imported $2.43B in Wood Products, becoming the 20th largest importer of Wood Products in the world. At the same year, Wood Products was the 16th most imported product in Vietnam. Vietnam imports Wood Products primarily from: China ($762M), United States ($354M), Cameroon ($172M), Laos ($130M), and Thailand ($124M).

The fastest growing import markets in Wood Products for Vietnam between 2021 and 2022 were Cameroon ($89.4M), Laos ($73.8M), and Republic of the Congo ($34.8M).

COMPANIES In 2023, leading companies such as LG Electronics (2.1k), IKEA Group (331), and Asus Computer (210) were at the forefront of shipping Wood Products from Vietnam to the United States.

Latest Trends

Sep 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 Products. 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)$6.58B
IMPORTS (2022)$2.43B
NET TRADE (2022)$4.16B

In 2022, Vietnam exported $6.58B in Wood Products. The main destinations of Vietnam exports on Wood Products were China ($2.14B), Japan ($1.47B), United States ($997M), South Korea ($990M), and Malaysia ($122M).

In 2022, Vietnam imported $2.43B in Wood Products, mainly from China ($762M), United States ($354M), Cameroon ($172M), Laos ($130M), and Thailand ($124M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$689M (47.6%)
Japan$415M (39.4%)
South Korea$160M (19.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Vietnam WERE (2021 - 2022):
United States-$110M (-9.91%)
Thailand-$9.81M (-16%)
Netherlands-$3.81M (-10.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Vietnam's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $68.7M
TOP IMPORT POTENTIALChina+ $79.9M

Wood Products’s highest export potential is China. With an export gap of $68.7M.   Wood Products’s highest import potential is China with an import gap of $79.9M.

See methodology.

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