2022
Exports
$14.3MWorld Rnk 40 / 201
Flag Rnk 601 / 1176
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2022
Imports
$262MWorld Rnk 12 / 220
Flag Rnk 231 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $14.3M in Electric Soldering Equipment, making it the 40th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 601st most exported product in Vietnam. The main destination of Electric Soldering Equipment exports from Vietnam are: Japan ($3.67M), China ($3.35M), South Korea ($2.48M), Philippines ($1.06M), and Hong Kong ($844k).

The fastest growing export markets for Electric Soldering Equipment of Vietnam between 2021 and 2022 were Japan ($1.24M), Hong Kong ($681k), and Philippines ($323k).

Imports In 2022, Vietnam imported $262M in Electric Soldering Equipment, becoming the 12th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 231st most imported product in Vietnam. Vietnam imports Electric Soldering Equipment primarily from: China ($149M), South Korea ($57.3M), Japan ($20.9M), Germany ($7.15M), and Chinese Taipei ($5.94M).

The fastest growing import markets in Electric Soldering Equipment for Vietnam between 2021 and 2022 were China ($25.6M), Thailand ($1.9M), and Austria ($1.41M).

COMPANIES In 2023, leading companies such as Hyosung (23) and LG Electronics (12) were at the forefront of shipping Electric Soldering Equipment from Vietnam to the United States.

Latest Trends

Oct 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 Soldering Equipment. 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)$14.3M
IMPORTS (2022)$262M
NET TRADE (2022)-$248M

In 2022, Vietnam exported $14.3M in Electric Soldering Equipment. The main destinations of Vietnam exports on Electric Soldering Equipment were Japan ($3.67M), China ($3.35M), South Korea ($2.48M), Philippines ($1.06M), and Hong Kong ($844k).

In 2022, Vietnam imported $262M in Electric Soldering Equipment, mainly from China ($149M), South Korea ($57.3M), Japan ($20.9M), Germany ($7.15M), and Chinese Taipei ($5.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$1.24M (51.2%)
Hong Kong$681k (419%)
Philippines$323k (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Vietnam WERE (2021 - 2022):
South Korea-$15.1M (-85.9%)
China-$755k (-18.4%)
United States-$631k (-58.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.04M
TOP IMPORT POTENTIALChina+ $30.7M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $5.04M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $30.7M.

See methodology.

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