Electromagnets in Vietnam | The Observatory of Economic Complexity

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Exports In 2022, Vietnam exported $512M in Electromagnets, making it the 5th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 120th most exported product in Vietnam. The main destination of Electromagnets exports from Vietnam are: Philippines ($202M), Japan ($147M), China ($57.8M), Thailand ($21.9M), and United States ($20.6M).

The fastest growing export markets for Electromagnets of Vietnam between 2021 and 2022 were Japan ($83.2M), Philippines ($68.3M), and China ($31.1M).

Imports In 2022, Vietnam imported $629M in Electromagnets, becoming the 6th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 113th most imported product in Vietnam. Vietnam imports Electromagnets primarily from: China ($525M), Japan ($46.4M), South Korea ($20.1M), Indonesia ($8.89M), and Philippines ($7.13M).

The fastest growing import markets in Electromagnets for Vietnam between 2021 and 2022 were China ($72.6M), Japan ($14.6M), and Indonesia ($4.94M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Electromagnets from Vietnam to the United States.

Feb 2024

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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 Electromagnets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$512M

IMPORTS (2022)$629M

NET TRADE (2022)-$117M

In 2022, Vietnam exported $512M in Electromagnets. The main destinations of Vietnam exports on Electromagnets were Philippines ($202M), Japan ($147M), China ($57.8M), Thailand ($21.9M), and United States ($20.6M).

In 2022, Vietnam imported $629M in Electromagnets, mainly from China ($525M), Japan ($46.4M), South Korea ($20.1M), Indonesia ($8.89M), and Philippines ($7.13M).