2022
Exports
$169MWorld Rnk 9 / 206
Flag Rnk 239 / 1176
2022
PRODUCT COMPLEXITY IN Motor-working Tools
1.33Rnk 88 / 1025
2022
Imports
$175MWorld Rnk 19 / 224
Flag Rnk 302 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $169M in Motor-working Tools, making it the 9th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 239th most exported product in Vietnam. The main destination of Motor-working Tools exports from Vietnam are: United States ($145M), China ($6.86M), Canada ($5.62M), Chinese Taipei ($2.03M), and Japan ($1.87M).

The fastest growing export markets for Motor-working Tools of Vietnam between 2021 and 2022 were China ($4.23M), Canada ($2.85M), and Australia ($1.23M).

Imports In 2022, Vietnam imported $175M in Motor-working Tools, becoming the 19th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 302nd most imported product in Vietnam. Vietnam imports Motor-working Tools primarily from: China ($81.5M), Hong Kong ($40.2M), Chinese Taipei ($17.3M), Japan ($8.53M), and Singapore ($6.42M).

The fastest growing import markets in Motor-working Tools for Vietnam between 2021 and 2022 were Chinese Taipei ($3.21M), Brazil ($2.41M), and Japan ($2.19M).

COMPANIES In 2023, leading companies such as Home Depot (35), Apex Tool Group (16), and Costco Wholesale (12) were at the forefront of shipping Motor-working Tools 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 Motor-working Tools. 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)$169M
IMPORTS (2022)$175M
NET TRADE (2022)-$5.9M

In 2022, Vietnam exported $169M in Motor-working Tools. The main destinations of Vietnam exports on Motor-working Tools were United States ($145M), China ($6.86M), Canada ($5.62M), Chinese Taipei ($2.03M), and Japan ($1.87M).

In 2022, Vietnam imported $175M in Motor-working Tools, mainly from China ($81.5M), Hong Kong ($40.2M), Chinese Taipei ($17.3M), Japan ($8.53M), and Singapore ($6.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$4.23M (161%)
Canada$2.85M (103%)
Australia$1.23M (17.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Vietnam WERE (2021 - 2022):
United States-$72.4M (-33.3%)
Hong Kong-$7.32M (-80.5%)
Japan-$2.21M (-54.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Motor-working Tools were:
In 2022, Vietnam's main importing competitors in Motor-working Tools were:

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $36.7M
TOP IMPORT POTENTIALChina+ $99M

Motor-working Tools’s highest export potential is China. With an export gap of $36.7M.   Motor-working Tools’s highest import potential is China with an import gap of $99M.

See methodology.

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