2022
Exports
$6.63BWorld Rnk 5 / 222
Flag Rnk 10 / 1176
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$2.55BWorld Rnk 16 / 225
Flag Rnk 23 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.63B in Insulated Wire, making it the 5th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 10th most exported product in Vietnam. The main destination of Insulated Wire exports from Vietnam are: Japan ($2.17B), United States ($1.37B), China ($1.08B), South Korea ($612M), and Canada ($177M).

The fastest growing export markets for Insulated Wire of Vietnam between 2021 and 2022 were South Korea ($186M), Mexico ($82.2M), and China ($64.5M).

Imports In 2022, Vietnam imported $2.55B in Insulated Wire, becoming the 16th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 23rd most imported product in Vietnam. Vietnam imports Insulated Wire primarily from: China ($1.53B), South Korea ($317M), Japan ($165M), Thailand ($117M), and Indonesia ($96.5M).

The fastest growing import markets in Insulated Wire for Vietnam between 2021 and 2022 were South Korea ($66.3M), Indonesia ($16.7M), and Thailand ($6.94M).

COMPANIES In 2023, leading companies such as Key Tronic (15), StarTech (9), and Samsung (8) were at the forefront of shipping Insulated Wire from Vietnam to the United States.

Latest Trends

Apr 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 Insulated Wire. 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)$6.63B
IMPORTS (2022)$2.55B
NET TRADE (2022)$4.08B

In 2022, Vietnam exported $6.63B in Insulated Wire. The main destinations of Vietnam exports on Insulated Wire were Japan ($2.17B), United States ($1.37B), China ($1.08B), South Korea ($612M), and Canada ($177M).

In 2022, Vietnam imported $2.55B in Insulated Wire, mainly from China ($1.53B), South Korea ($317M), Japan ($165M), Thailand ($117M), and Indonesia ($96.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$186M (43.6%)
Mexico$82.2M (90.4%)
China$64.5M (6.32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Vietnam WERE (2021 - 2022):
United States-$37.4M (-2.66%)
Canada-$34.5M (-16.3%)
Russia-$13.7M (-84.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Insulated Wire were:
In 2022, Vietnam's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

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