2022
Exports
$34.2BWorld Rnk 17 / 226
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$28.6BWorld Rnk 27 / 226
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $34.2B in Machinery, mechanical appliances, & parts, making it the 17th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 2nd most exported product in Vietnam. The main destination of Machinery, mechanical appliances, & parts exports from Vietnam are: United States ($10.9B), China ($3.26B), Hong Kong ($3.09B), South Korea ($2.54B), and Netherlands ($1.61B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Vietnam between 2021 and 2022 were United States ($1.74B), Hong Kong ($1.09B), and China ($854M).

Imports In 2022, Vietnam imported $28.6B in Machinery, mechanical appliances, & parts, becoming the 27th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 2nd most imported product in Vietnam. Vietnam imports Machinery, mechanical appliances, & parts primarily from: N/A.

The fastest growing import markets in Machinery, mechanical appliances, & parts for Vietnam between 2021 and 2022 were Singapore ($386M), China ($306M), and South Korea ($252M).

COMPANIES In 2023, leading companies such as LG Electronics (1.63k), Samsung (1.16k), and Brother Industries (627) were at the forefront of shipping Machinery, mechanical appliances, & parts from Vietnam to the United States.

Latest Trends

Oct 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 Machinery, mechanical appliances, & parts. 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)$34.2B
IMPORTS (2022)$28.6B
NET TRADE (2022)$5.57B

In 2022, Vietnam exported $34.2B in Machinery, mechanical appliances, & parts. The main destinations of Vietnam exports on Machinery, mechanical appliances, & parts were United States ($10.9B), China ($3.26B), Hong Kong ($3.09B), South Korea ($2.54B), and Netherlands ($1.61B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$1.74B (19%)
Hong Kong$1.09B (54.2%)
China$854M (35.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Vietnam WERE (2021 - 2022):
Russia-$229M (-77.5%)
Egypt-$151M (-87.1%)
United Arab Emirates-$71.6M (-19.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2022, Vietnam's main importing competitors in Machinery, mechanical appliances, & parts were:

Explore Visualizations

Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.33B
TOP IMPORT POTENTIALChina+ $5.1B

Machinery, mechanical appliances, & parts’s highest export potential is China. With an export gap of $3.33B.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $5.1B.

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