2022
Exports
$851MWorld Rnk 25 / 216
Flag Rnk 80 / 1176
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$3.37BWorld Rnk 13 / 225
Flag Rnk 15 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $851M in Machinery Having Individual Functions, making it the 25th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 80th most exported product in Vietnam. The main destination of Machinery Having Individual Functions exports from Vietnam are: Japan ($160M), China ($144M), United States ($130M), Singapore ($91.8M), and South Korea ($84.2M).

The fastest growing export markets for Machinery Having Individual Functions of Vietnam between 2021 and 2022 were Japan ($95.6M), United States ($25.6M), and Chinese Taipei ($19.7M).

Imports In 2022, Vietnam imported $3.37B in Machinery Having Individual Functions, becoming the 13th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 15th most imported product in Vietnam. Vietnam imports Machinery Having Individual Functions primarily from: China ($1.38B), South Korea ($1.13B), Japan ($355M), Chinese Taipei ($84.6M), and Singapore ($74.5M).

The fastest growing import markets in Machinery Having Individual Functions for Vietnam between 2021 and 2022 were China ($250M), South Korea ($109M), and Japan ($89.1M).

COMPANIES In 2023, leading companies such as Teknor Apex (66), Samsung (65), and Panasonic (45) were at the forefront of shipping Machinery Having Individual Functions from Vietnam to the United States.

Latest Trends

Oct 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 Machinery Having Individual Functions. 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)$851M
IMPORTS (2022)$3.37B
NET TRADE (2022)-$2.52B

In 2022, Vietnam exported $851M in Machinery Having Individual Functions. The main destinations of Vietnam exports on Machinery Having Individual Functions were Japan ($160M), China ($144M), United States ($130M), Singapore ($91.8M), and South Korea ($84.2M).

In 2022, Vietnam imported $3.37B in Machinery Having Individual Functions, mainly from China ($1.38B), South Korea ($1.13B), Japan ($355M), Chinese Taipei ($84.6M), and Singapore ($74.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$95.6M (148%)
United States$25.6M (24.5%)
Chinese Taipei$19.7M (51.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Vietnam WERE (2021 - 2022):
Russia-$67.1M (-79.8%)
Costa Rica-$6.69M (-98.5%)
India-$6.3M (-61.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Vietnam's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $121M
TOP IMPORT POTENTIALChina+ $225M

Machinery Having Individual Functions’s highest export potential is China. With an export gap of $121M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $225M.

See methodology.

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