2023
Exports
$308MWorld Rnk 37 / 224
Flag Rnk 153 / 1173
2023
PRODUCT COMPLEXITY IN Centrifuges
1.22Rnk 101 / 1025
2023
Imports
$587MWorld Rnk 36 / 225
Flag Rnk 102 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $308M in Centrifuges, making it the 37th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 153rd most exported product in Vietnam. The main destination of Centrifuges exports from Vietnam are: Japan ($72.3M), United States ($67M), Singapore ($27.1M), China ($24.6M), and Qatar ($18.6M).

The fastest growing export markets for Centrifuges of Vietnam between 2022 and 2023 were Singapore ($19.5M), Qatar ($18.5M), and United States ($6.22M).

Imports In 2023, Vietnam imported $587M in Centrifuges, becoming the 36th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 102nd most imported product in Vietnam. Vietnam imports Centrifuges primarily from: China ($331M), Japan ($43.4M), Thailand ($43M), Germany ($33.6M), and Singapore ($26.4M).

The fastest growing import markets in Centrifuges for Vietnam between 2022 and 2023 were China ($59M), Singapore ($24.1M), and Netherlands ($9M).

Latest Trends

Jan 2025

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 Centrifuges. 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 (2023)$308M
IMPORTS (2023)$587M
NET TRADE (2023)-$278M

In 2023, Vietnam exported $308M in Centrifuges. The main destinations of Vietnam exports on Centrifuges were Japan ($72.3M), United States ($67M), Singapore ($27.1M), China ($24.6M), and Qatar ($18.6M).

In 2023, Vietnam imported $587M in Centrifuges, mainly from China ($331M), Japan ($43.4M), Thailand ($43M), Germany ($33.6M), and Singapore ($26.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Singapore$19.5M (259%)
Qatar$18.5M (24.3k%)
United States$6.22M (10.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Vietnam WERE (2022 - 2023):
South Korea-$17.7M (-100%)
Japan-$11.8M (-14%)
Saudi Arabia-$5.99M (-33%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Centrifuges were:
In 2023, Vietnam's main importing competitors in Centrifuges were:

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.4M
TOP IMPORT POTENTIALChina+ $123M

Centrifuges’s highest export potential is United States. With an export gap of $36.4M.   Centrifuges’s highest import potential is China with an import gap of $123M.

See methodology.

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