2022
Exports
$13.4MWorld Rnk 43 / 199
Flag Rnk 614 / 1176
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$107MWorld Rnk 27 / 220
Flag Rnk 401 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $13.4M in Special Pharmaceuticals, making it the 43rd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 614th most exported product in Vietnam. The main destination of Special Pharmaceuticals exports from Vietnam are: South Korea ($6.5M), United States ($2.25M), Turkey ($753k), Russia ($623k), and China ($507k).

The fastest growing export markets for Special Pharmaceuticals of Vietnam between 2021 and 2022 were South Korea ($2.29M), United States ($702k), and Turkey ($193k).

Imports In 2022, Vietnam imported $107M in Special Pharmaceuticals, becoming the 27th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 401st most imported product in Vietnam. Vietnam imports Special Pharmaceuticals primarily from: Netherlands ($16.2M), Germany ($14.4M), Singapore ($14.2M), France ($13.6M), and South Korea ($8.3M).

The fastest growing import markets in Special Pharmaceuticals for Vietnam between 2021 and 2022 were Netherlands ($14.4M), South Korea ($5.12M), and Mexico ($3.92M).

COMPANIES In 2023, leading companies such as Halyard Health (3) were at the forefront of shipping Special Pharmaceuticals 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 Special Pharmaceuticals. 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)$13.4M
IMPORTS (2022)$107M
NET TRADE (2022)-$93.9M

In 2022, Vietnam exported $13.4M in Special Pharmaceuticals. The main destinations of Vietnam exports on Special Pharmaceuticals were South Korea ($6.5M), United States ($2.25M), Turkey ($753k), Russia ($623k), and China ($507k).

In 2022, Vietnam imported $107M in Special Pharmaceuticals, mainly from Netherlands ($16.2M), Germany ($14.4M), Singapore ($14.2M), France ($13.6M), and South Korea ($8.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$2.29M (54.3%)
United States$702k (45.3%)
Turkey$193k (34.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Vietnam WERE (2021 - 2022):
Russia-$427k (-40.7%)
Poland-$128k (-67.8%)
Japan-$92.3k (-35.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.66M
TOP IMPORT POTENTIALGermany+ $5.36M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $3.66M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $5.36M.

See methodology.

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