Exports In 2022, Vietnam exported $3.73B in Electrical Transformers, making it the 8th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 19th most exported product in Vietnam. The main destination of Electrical Transformers exports from Vietnam are: United States ($1.55B), China ($293M), Hong Kong ($183M), South Korea ($158M), and Mexico ($127M).
The fastest growing export markets for Electrical Transformers of Vietnam between 2021 and 2022 were Australia ($41M), Mexico ($35.6M), and Thailand ($34.5M).
Imports In 2022, Vietnam imported $2.43B in Electrical Transformers, becoming the 17th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 25th most imported product in Vietnam. Vietnam imports Electrical Transformers primarily from: China ($1.71B), South Korea ($253M), Philippines ($111M), Singapore ($66.1M), and Japan ($61.8M).
The fastest growing import markets in Electrical Transformers for Vietnam between 2021 and 2022 were China ($224M), South Korea ($36.1M), and Singapore ($16.3M).
COMPANIES In 2023, leading companies such as Tesla (182), Samsung (34), and Stanley Black & Decker (31) were at the forefront of shipping Electrical Transformers from Vietnam to the United States.