2022
Exports
$820kWorld Rnk 28 / 96
Flag Rnk 929 / 1176
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$9.2MWorld Rnk 23 / 184
Flag Rnk 857 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $820k in Borates, making it the 28th largest exporter of Borates in the world. At the same year, Borates was the 929th most exported product in Vietnam. The main destination of Borates exports from Vietnam are: Thailand ($355k), Malaysia ($145k), Cambodia ($119k), India ($88.6k), and New Zealand ($81.8k).

The fastest growing export markets for Borates of Vietnam between 2021 and 2022 were Thailand ($355k), Malaysia ($141k), and India ($88.6k).

Imports In 2022, Vietnam imported $9.2M in Borates, becoming the 23rd largest importer of Borates in the world. At the same year, Borates was the 857th most imported product in Vietnam. Vietnam imports Borates primarily from: Turkey ($5.32M), United States ($2.19M), Malaysia ($678k), China ($470k), and Australia ($177k).

The fastest growing import markets in Borates for Vietnam between 2021 and 2022 were Turkey ($2.08M), Belgium ($29.9k), and Australia ($11k).

Latest Trends

Mar 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 Borates. 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)$820k
IMPORTS (2022)$9.2M
NET TRADE (2022)-$8.38M

In 2022, Vietnam exported $820k in Borates. The main destinations of Vietnam exports on Borates were Thailand ($355k), Malaysia ($145k), Cambodia ($119k), India ($88.6k), and New Zealand ($81.8k).

In 2022, Vietnam imported $9.2M in Borates, mainly from Turkey ($5.32M), United States ($2.19M), Malaysia ($678k), China ($470k), and Australia ($177k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Thailand$355k (1%)
Malaysia$141k (3.57k%)
India$88.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Vietnam WERE (2021 - 2022):
Laos-$21.5k (-63.9%)
Hong Kong-$1.76k (-100%)
South Korea-$4 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Borates were:
In 2022, Vietnam's main importing competitors in Borates were:

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Trade Value of Borates by Exporters

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