2022
Exports
$288MWorld Rnk 2 / 194
Flag Rnk 181 / 1176
2022
PRODUCT COMPLEXITY IN Cutlery Sets
-0.066Rnk 570 / 1025
2022
Imports
$45.6MWorld Rnk 20 / 218
Flag Rnk 567 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $288M in Cutlery Sets, making it the 2nd largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 181st most exported product in Vietnam. The main destination of Cutlery Sets exports from Vietnam are: United States ($94.6M), Germany ($45.5M), Italy ($31.2M), Netherlands ($25.3M), and Canada ($19.5M).

The fastest growing export markets for Cutlery Sets of Vietnam between 2021 and 2022 were Italy ($23.3M), Germany ($19.5M), and United Kingdom ($5.8M).

Imports In 2022, Vietnam imported $45.6M in Cutlery Sets, becoming the 20th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 567th most imported product in Vietnam. Vietnam imports Cutlery Sets primarily from: China ($43.8M), Germany ($345k), South Korea ($345k), India ($301k), and France ($264k).

The fastest growing import markets in Cutlery Sets for Vietnam between 2021 and 2022 were France ($231k), South Korea ($179k), and Japan ($79.1k).

COMPANIES In 2023, leading companies such as Euromarket Designs (14), Samsung (12), and IKEA Group (11) were at the forefront of shipping Cutlery Sets 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 Cutlery Sets. 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)$288M
IMPORTS (2022)$45.6M
NET TRADE (2022)$242M

In 2022, Vietnam exported $288M in Cutlery Sets. The main destinations of Vietnam exports on Cutlery Sets were United States ($94.6M), Germany ($45.5M), Italy ($31.2M), Netherlands ($25.3M), and Canada ($19.5M).

In 2022, Vietnam imported $45.6M in Cutlery Sets, mainly from China ($43.8M), Germany ($345k), South Korea ($345k), India ($301k), and France ($264k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Italy$23.3M (295%)
Germany$19.5M (75.1%)
United Kingdom$5.8M (97.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY Vietnam WERE (2021 - 2022):
Australia-$4.76M (-62.2%)
Poland-$1.68M (-47.9%)
Russia-$823k (-25.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Cutlery Sets were:
China $2.38B
In 2022, Vietnam's main importing competitors in Cutlery Sets were:

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.88M
TOP IMPORT POTENTIALChina+ $10.8M

Cutlery Sets’s highest export potential is China. With an export gap of $2.88M.   Cutlery Sets’s highest import potential is China with an import gap of $10.8M.

See methodology.

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