2022
Exports
$32MWorld Rnk 36 / 160
Flag Rnk 85 / 96
2022
PRODUCT COMPLEXITY IN Wool & animal hair
0.58Rnk 333 / 1025
2022
Imports
$341MWorld Rnk 5 / 194
Flag Rnk 70 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $32M in Wool & animal hair, making it the 36th largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 85th most exported product in Vietnam. The main destination of Wool & animal hair exports from Vietnam are: Italy ($12.4M), United States ($3.34M), Germany ($2.64M), Bangladesh ($2.22M), and China ($1.85M).

The fastest growing export markets for Wool & animal hair of Vietnam between 2021 and 2022 were Italy ($7.93M), Bangladesh ($1.37M), and United Kingdom ($1.1M).

Imports In 2022, Vietnam imported $341M in Wool & animal hair, becoming the 5th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 70th most imported product in Vietnam. Vietnam imports Wool & animal hair primarily from: China ($244M), Italy ($32.9M), Japan ($20.4M), South Korea ($15M), and Romania ($6.18M).

The fastest growing import markets in Wool & animal hair for Vietnam between 2021 and 2022 were China ($60.6M), Italy ($12.1M), and Japan ($3.93M).

COMPANIES In 2023, leading companies such as LG Electronics (4) and At Home Procurement (1) were at the forefront of shipping Wool & animal hair from Vietnam to the United States.

Latest Trends

Oct 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 (2022)$32M
IMPORTS (2022)$341M
NET TRADE (2022)-$309M

In 2022, Vietnam exported $32M in Wool & animal hair. The main destinations of Vietnam exports on Wool & animal hair were Italy ($12.4M), United States ($3.34M), Germany ($2.64M), Bangladesh ($2.22M), and China ($1.85M).

In 2022, Vietnam imported $341M in Wool & animal hair, mainly from China ($244M), Italy ($32.9M), Japan ($20.4M), South Korea ($15M), and Romania ($6.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Italy$7.93M (176%)
Bangladesh$1.37M (161%)
United Kingdom$1.1M (4.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY Vietnam WERE (2021 - 2022):
China-$3.92M (-68%)
United States-$2.47M (-42.5%)
Japan-$1.18M (-45.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Wool & animal hair were:
China $2.23B
Italy $2.03B
In 2022, Vietnam's main importing competitors in Wool & animal hair were:
China $2.97B
Italy $1.62B

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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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