2023
Exports
$186BWorld Rnk 4 / 226
Flag Rnk 1 / 96
2023
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.73Rnk 19 / 1025
2023
Imports
$84.8BWorld Rnk 10 / 226
Flag Rnk 1 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $186B in Electrical machinery and electronics, making it the 4th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 1st most exported product in Vietnam. The main destination of Electrical machinery and electronics exports from Vietnam are: China ($54.6B), United States ($42.7B), Hong Kong ($13.7B), United Arab Emirates ($8.46B), and Japan ($6.91B).

The fastest growing export markets for Electrical machinery and electronics of Vietnam between 2022 and 2023 were China ($13.2B), United Arab Emirates ($3.91B), and Hong Kong ($3.6B).

Imports In 2023, Vietnam imported $84.8B in Electrical machinery and electronics, becoming the 10th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 1st most imported product in Vietnam. Vietnam imports Electrical machinery and electronics primarily from: China ($45.6B), Hong Kong ($10.1B), Singapore ($8.4B), Malaysia ($5.23B), and Japan ($4.92B).

The fastest growing import markets in Electrical machinery and electronics for Vietnam between 2022 and 2023 were Hong Kong ($8.83B), Singapore ($7.58B), and Malaysia ($2.28B).

COMPANIES In 2024, leading companies such as Samsung (1.3k), Cooper Lighting Solutions (556), and Toshiba (311) were at the forefront of shipping Electrical machinery and electronics from Vietnam to the United States.

Latest Trends

Dec 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 machinery and electronics. 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)$186B
IMPORTS (2023)$84.8B
NET TRADE (2023)$101B

In 2023, Vietnam exported $186B in Electrical machinery and electronics. The main destinations of Vietnam exports on Electrical machinery and electronics were China ($54.6B), United States ($42.7B), Hong Kong ($13.7B), United Arab Emirates ($8.46B), and Japan ($6.91B).

In 2023, Vietnam imported $84.8B in Electrical machinery and electronics, mainly from China ($45.6B), Hong Kong ($10.1B), Singapore ($8.4B), Malaysia ($5.23B), and Japan ($4.92B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$13.2B (31.8%)
United Arab Emirates$3.91B (85.9%)
Hong Kong$3.6B (35.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Vietnam WERE (2022 - 2023):
South Korea-$10.6B (-100%)
United States-$2.03B (-4.55%)
Chinese Taipei-$620M (-25.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Electrical machinery and electronics were:
In 2023, Vietnam's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12B
TOP IMPORT POTENTIALChina+ $13B

Electrical machinery and electronics’s highest export potential is China. With an export gap of $12B.   Electrical machinery and electronics’s highest import potential is China with an import gap of $13B.

See methodology.

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