2022
Exports
$311MWorld Rnk 33 / 221
Flag Rnk 174 / 1176
2022
PRODUCT COMPLEXITY IN Liquid Pumps
1.19Rnk 105 / 1025
2022
Imports
$510MWorld Rnk 34 / 225
Flag Rnk 138 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $311M in Liquid Pumps, making it the 33rd largest exporter of Liquid Pumps in the world. At the same year, Liquid Pumps was the 174th most exported product in Vietnam. The main destination of Liquid Pumps exports from Vietnam are: South Korea ($77.6M), United States ($53.2M), Japan ($51.9M), China ($25.7M), and Thailand ($22.3M).

The fastest growing export markets for Liquid Pumps of Vietnam between 2021 and 2022 were South Korea ($26.6M), Indonesia ($6.07M), and Japan ($3.89M).

Imports In 2022, Vietnam imported $510M in Liquid Pumps, becoming the 34th largest importer of Liquid Pumps in the world. At the same year, Liquid Pumps was the 138th most imported product in Vietnam. Vietnam imports Liquid Pumps primarily from: China ($259M), Japan ($44.4M), South Korea ($28.6M), Indonesia ($27.3M), and Chinese Taipei ($25.1M).

The fastest growing import markets in Liquid Pumps for Vietnam between 2021 and 2022 were Chinese Taipei ($7.49M), Japan ($2.8M), and Singapore ($1.45M).

COMPANIES In 2023, leading companies such as LG Electronics (21), Arhaus (12), and Euromarket Designs (7) were at the forefront of shipping Liquid Pumps from Vietnam to the United States.

Latest Trends

Jul 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 Liquid Pumps. 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)$311M
IMPORTS (2022)$510M
NET TRADE (2022)-$199M

In 2022, Vietnam exported $311M in Liquid Pumps. The main destinations of Vietnam exports on Liquid Pumps were South Korea ($77.6M), United States ($53.2M), Japan ($51.9M), China ($25.7M), and Thailand ($22.3M).

In 2022, Vietnam imported $510M in Liquid Pumps, mainly from China ($259M), Japan ($44.4M), South Korea ($28.6M), Indonesia ($27.3M), and Chinese Taipei ($25.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Liquid Pumps EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$26.6M (52.3%)
Indonesia$6.07M (86.5%)
Japan$3.89M (8.11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Liquid Pumps BY Vietnam WERE (2021 - 2022):
United States-$10.7M (-16.8%)
Mexico-$10M (-39.4%)
Saudi Arabia-$2.61M (-84.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Liquid Pumps were:
In 2022, Vietnam's main importing competitors in Liquid Pumps were:

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Trade Value of Liquid Pumps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $41.6M
TOP IMPORT POTENTIALChina+ $109M

Liquid Pumps’s highest export potential is China. With an export gap of $41.6M.   Liquid Pumps’s highest import potential is China with an import gap of $109M.

See methodology.

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