2022
Exports
$86.1MWorld Rnk 20 / 179
Flag Rnk 323 / 1176
2022
PRODUCT COMPLEXITY IN Iron Cloth
-0.056Rnk 564 / 1025
2022
Imports
$128MWorld Rnk 14 / 221
Flag Rnk 364 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $86.1M in Iron Cloth, making it the 20th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 323rd most exported product in Vietnam. The main destination of Iron Cloth exports from Vietnam are: United States ($58.3M), Switzerland ($6.69M), Japan ($3.68M), South Korea ($2.89M), and India ($2.09M).

The fastest growing export markets for Iron Cloth of Vietnam between 2021 and 2022 were India ($2.04M), South Korea ($1.47M), and Canada ($883k).

Imports In 2022, Vietnam imported $128M in Iron Cloth, becoming the 14th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 364th most imported product in Vietnam. Vietnam imports Iron Cloth primarily from: China ($113M), Philippines ($4.61M), South Korea ($3.95M), Japan ($2.04M), and United States ($671k).

The fastest growing import markets in Iron Cloth for Vietnam between 2021 and 2022 were China ($69.1M), Philippines ($1.46M), and South Korea ($506k).

COMPANIES In 2023, leading companies such as Home Depot (16), Costco Wholesale (14), and At Home Procurement (2) were at the forefront of shipping Iron Cloth from Vietnam to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Iron Cloth. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$86.1M
IMPORTS (2022)$128M
NET TRADE (2022)-$41.9M

In 2022, Vietnam exported $86.1M in Iron Cloth. The main destinations of Vietnam exports on Iron Cloth were United States ($58.3M), Switzerland ($6.69M), Japan ($3.68M), South Korea ($2.89M), and India ($2.09M).

In 2022, Vietnam imported $128M in Iron Cloth, mainly from China ($113M), Philippines ($4.61M), South Korea ($3.95M), Japan ($2.04M), and United States ($671k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$2.04M (4.17k%)
South Korea$1.47M (104%)
Canada$883k (186%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Vietnam WERE (2021 - 2022):
United States-$12.7M (-17.9%)
Singapore-$1.68M (-73.8%)
Germany-$918k (-42.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Iron Cloth were:
China $2.36B
Italy $728M
In 2022, Vietnam's main importing competitors in Iron Cloth were:

Explore Visualizations

Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.97M
TOP IMPORT POTENTIALChina+ $17.2M

Iron Cloth’s highest export potential is Germany. With an export gap of $1.97M.   Iron Cloth’s highest import potential is China with an import gap of $17.2M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with