Commodity | Reporter | Partner | Trade flow | Indicator | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
291511. Formic acid | China | Vietnam | Exports | Value (US$) | 6,483,519.00 | 5,085,679.00 | 4,382,314.00 | 4,103,624.00 | 2,242,812.00 | 2,909,350.00 | 5,476,806.00 | 8,699,963.00 | 4,440,354.00 | 3,278,024.00 | 8,512,655.00 | 13,100,078.00 |
Value Growth, YoY (%) | 64.28 | -21.55 | -13.83 | -6.35 | -45.34 | 29.71 | 88.24 | 58.85 | -48.96 | -26.17 | 159.68 | 53.88 |
The value of exports of commodity group 291511 "Formic acid" from China to Vietnam totalled $ 13.1 million in 2022. Sales of commodity group 291511 from China to Vietnam increased by 53% compared to 2021: exports of commodity group 291511 "Formic acid" went up by $ 4.58 million (exports of commodity group 291511 from China to Vietnam were equal to $8.51 million in 2021)
Exports of "Formic acid" from China to Vietnam accounted for 0.008% of the total merchandise exports in 2022 (total sales of goods from China to Vietnam were equal to $ 146 billion in 2022). The share of commodity group 291511 grew up by 0.002 p.p. in overall exports from China to Vietnam compared to 2021 (it was 0.006% in 2021 and cumulative exports from China to Vietnam were equal to $ 137 billion).
Exports of commodity group 291511 accounted for 0.523% of total sales of commodity group "" from China to Vietnam in 2022 (cumulative exports of commodity group from China to Vietnam were equal to $2.5 billion in 2022). The share of exports of commodity group 291511 in sales of commodity group from China to Vietnam went up by 0.099 p.p. compared to 2021 (it was 0.424% in 2021, and exports of commodity group from China to Vietnam were $2 billion).
Exports of commodity group 291511 accounted for 6.11 percent of total sales of commodity group "" from China to Vietnam in 2022 (global exports of commodity group from China to Vietnam were equal to 214 million USD in 2022). The share of exports of commodity group 291511 in sales of commodity group from China to Vietnam went up by 1.42 p.p. compared to 2021 (it was 4.68 percent in 2021, and exports of commodity group from China to Vietnam amounted to 181 million USD).
The share of Vietnam in total exports of commodity group 291511 "Formic acid" from China was 7.29 percent (13.1 million USD) in 2022 of 179 million USD - the value of overall merchandise exports of commodity group 291511 from China in 2022. The share of Vietnam in exports of commodity group 291511 "Formic acid" from China grew up by 0.807 p.p. in value terms compared to 2021 (it was 6.48 percent in 2021, and overall exports of commodity group 291511 "Formic acid" from China amounted to 131 million USD).