2022
Exports | Imports
$69.6M | $1.19BWorld Rnk 12 / 188
Flag Rnk 355 / 1176
World Rnk 2 / 212
Flag Rnk 51 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.062Rnk 60 / 124
2022
PRODUCT COMPLEXITY IN Electrical Parts
-1.22Rnk 887 / 1025

About

Exports In 2022, Vietnam exported $69.6M in Electrical Parts, making it the 12th largest exporter of Electrical Parts in the world. At the same year, Electrical Parts was the 355th most exported product in Vietnam. The main destination of Electrical Parts exports from Vietnam are: Hong Kong ($16.9M), South Korea ($10.5M), Chinese Taipei ($10.1M), Thailand ($8.32M), and Netherlands ($6.49M).

The fastest growing export markets for Electrical Parts of Vietnam between 2021 and 2022 were Netherlands ($5.75M), Chinese Taipei ($5.01M), and Germany ($233k).

Imports In 2022, Vietnam imported $1.19B in Electrical Parts, becoming the 2nd largest importer of Electrical Parts in the world. At the same year, Electrical Parts was the 51st most imported product in Vietnam. Vietnam imports Electrical Parts primarily from: China ($1.12B), South Korea ($35.1M), Chinese Taipei ($12.6M), Japan ($11.6M), and Thailand ($6.13M).

The fastest growing import markets in Electrical Parts for Vietnam between 2021 and 2022 were China ($1.01B), Chinese Taipei ($3M), and Thailand ($2.07M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (370) and LG ELECTRONICS U.S.A. INC. (178) were at the forefront of shipping Electrical Parts from Vietnam to the United States.

Latest Trends

Jan 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 Electrical Parts. 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)$69.6M
IMPORTS (2022)$1.19B
NET TRADE (2022)-$1.12B

In 2022, Vietnam exported $69.6M in Electrical Parts. The main destinations of Vietnam exports on Electrical Parts were Hong Kong ($16.9M), South Korea ($10.5M), Chinese Taipei ($10.1M), Thailand ($8.32M), and Netherlands ($6.49M).

In 2022, Vietnam imported $1.19B in Electrical Parts, mainly from China ($1.12B), South Korea ($35.1M), Chinese Taipei ($12.6M), Japan ($11.6M), and Thailand ($6.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Parts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Netherlands$5.75M (772%)
Chinese Taipei$5.01M (97.9%)
Germany$233k (313%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Parts BY Vietnam WERE (2021 - 2022):
India-$18.4M (-100%)
Hong Kong-$18.1M (-51.7%)
South Korea-$8.23M (-43.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electrical Parts by Exporters

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