2023
Exports
$32.1MWorld Rnk 37 / 169
Flag Rnk 81 / 96
2023
PRODUCT COMPLEXITY IN Wool & animal hair
0.59Rnk 332 / 1025
2023
Imports
$262MWorld Rnk 9 / 197
Flag Rnk 71 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $32.1M in Wool & animal hair, making it the 37th largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 81st most exported product in Vietnam. The main destination of Wool & animal hair exports from Vietnam are: Italy ($12.7M), China ($5.99M), Germany ($4.25M), Japan ($3.75M), and United States ($1.57M).

The fastest growing export markets for Wool & animal hair of Vietnam between 2022 and 2023 were China ($4.24M), Japan ($2.38M), and Germany ($878k).

Imports In 2023, Vietnam imported $262M in Wool & animal hair, becoming the 9th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 71st most imported product in Vietnam. Vietnam imports Wool & animal hair primarily from: China ($181M), Italy ($29.3M), Japan ($21.9M), Hong Kong ($8.79M), and Romania ($3.93M).

The fastest growing import markets in Wool & animal hair for Vietnam between 2022 and 2023 were China ($7.77M), Hong Kong ($4.98M), and Chinese Taipei ($2.07M).

COMPANIES In 2024, leading companies such as Arhaus (3), LG Electronics (2), and Cotton On (2) were at the forefront of shipping Wool & animal hair from Vietnam to the United States.

Latest Trends

Dec 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 Wool & animal hair. 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 (2023)$32.1M
IMPORTS (2023)$262M
NET TRADE (2023)-$230M

In 2023, Vietnam exported $32.1M in Wool & animal hair. The main destinations of Vietnam exports on Wool & animal hair were Italy ($12.7M), China ($5.99M), Germany ($4.25M), Japan ($3.75M), and United States ($1.57M).

In 2023, Vietnam imported $262M in Wool & animal hair, mainly from China ($181M), Italy ($29.3M), Japan ($21.9M), Hong Kong ($8.79M), and Romania ($3.93M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$4.24M (243%)
Japan$2.38M (174%)
Germany$878k (26%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY Vietnam WERE (2022 - 2023):
Bangladesh-$2.22M (-100%)
United States-$1.86M (-54.2%)
South Korea-$1.61M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Wool & animal hair were:
In 2023, Vietnam's main importing competitors in Wool & animal hair were:
China $2.74B
Italy $1.65B

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.79M
TOP IMPORT POTENTIALIndia+ $2.67M

Wool & animal hair’s highest export potential is China. With an export gap of $1.79M.   Wool & animal hair’s highest import potential is India with an import gap of $2.67M.

See methodology.

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