2022
Exports
$558MWorld Rnk 11 / 193
Flag Rnk 114 / 1176
2022
PRODUCT COMPLEXITY IN Electric Generating Sets
0.31Rnk 443 / 1025
2022
Imports
$431MWorld Rnk 20 / 221
Flag Rnk 156 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $558M in Electric Generating Sets, making it the 11th largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 114th most exported product in Vietnam. The main destination of Electric Generating Sets exports from Vietnam are: United States ($429M), Chinese Taipei ($30.5M), Philippines ($12.5M), Chile ($10.2M), and Netherlands ($8.52M).

The fastest growing export markets for Electric Generating Sets of Vietnam between 2021 and 2022 were Chinese Taipei ($18.2M), Netherlands ($8.28M), and South Korea ($5.26M).

Imports In 2022, Vietnam imported $431M in Electric Generating Sets, becoming the 20th largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 156th most imported product in Vietnam. Vietnam imports Electric Generating Sets primarily from: China ($320M), Japan ($22.9M), India ($20.2M), Singapore ($12.8M), and South Korea ($12.7M).

The fastest growing import markets in Electric Generating Sets for Vietnam between 2021 and 2022 were Japan ($9.27M), India ($7.82M), and Italy ($6.38M).

COMPANIES In 2023, leading companies such as Home Depot (1) were at the forefront of shipping Electric Generating 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 Electric Generating 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)$558M
IMPORTS (2022)$431M
NET TRADE (2022)$127M

In 2022, Vietnam exported $558M in Electric Generating Sets. The main destinations of Vietnam exports on Electric Generating Sets were United States ($429M), Chinese Taipei ($30.5M), Philippines ($12.5M), Chile ($10.2M), and Netherlands ($8.52M).

In 2022, Vietnam imported $431M in Electric Generating Sets, mainly from China ($320M), Japan ($22.9M), India ($20.2M), Singapore ($12.8M), and South Korea ($12.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Chinese Taipei$18.2M (148%)
Netherlands$8.28M (3.4k%)
South Korea$5.26M (257%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY Vietnam WERE (2021 - 2022):
United States-$76.4M (-15.1%)
Chile-$15.4M (-60.2%)
Hong Kong-$5.38M (-97.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Electric Generating Sets were:
In 2022, Vietnam's main importing competitors in Electric Generating Sets were:

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.1M
TOP IMPORT POTENTIALChina+ $66.3M

Electric Generating Sets’s highest export potential is China. With an export gap of $12.1M.   Electric Generating Sets’s highest import potential is China with an import gap of $66.3M.

See methodology.

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