2022
Exports
$186BWorld Rnk 8 / 226
Flag Rnk 1 / 21
2022
PRODUCT COMPLEXITY IN Machines
2.21Rnk 2 / 1025
2022
Imports
$143BWorld Rnk 13 / 226
Flag Rnk 1 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $186B in Machines, making it the 8th largest exporter of Machines in the world. At the same year, Machines was the 1st most exported product in Vietnam. The main destination of Machines exports from Vietnam are: United States ($52.8B), China ($37B), South Korea ($13B), Hong Kong ($10.7B), and Japan ($7.41B).

The fastest growing export markets for Machines of Vietnam between 2021 and 2022 were United States ($9.99B), China ($2.92B), and South Korea ($969M).

Imports In 2022, Vietnam imported $143B in Machines, becoming the 13th largest importer of Machines in the world. At the same year, Machines was the 1st most imported product in Vietnam. Vietnam imports Machines primarily from: China ($62.9B), South Korea ($39.2B), Japan ($7.38B), Chinese Taipei ($6.23B), and Malaysia ($5.37B).

The fastest growing import markets in Machines for Vietnam between 2021 and 2022 were China ($3.61B), South Korea ($2.96B), and Singapore ($2.08B).

COMPANIES In 2023, leading companies such as Samsung (2.66k), LG Electronics (2.01k), and Home Depot (817) were at the forefront of shipping Machines from Vietnam to the United States.

Latest Trends

Sep 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 Machines. 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)$186B
IMPORTS (2022)$143B
NET TRADE (2022)$43.3B

In 2022, Vietnam exported $186B in Machines. The main destinations of Vietnam exports on Machines were United States ($52.8B), China ($37B), South Korea ($13B), Hong Kong ($10.7B), and Japan ($7.41B).

In 2022, Vietnam imported $143B in Machines, mainly from China ($62.9B), South Korea ($39.2B), Japan ($7.38B), Chinese Taipei ($6.23B), and Malaysia ($5.37B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machines EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$9.99B (23.3%)
China$2.92B (8.58%)
South Korea$969M (8.08%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machines BY Vietnam WERE (2021 - 2022):
Russia-$1.69B (-82.1%)
United Arab Emirates-$1.04B (-22.9%)
Hungary-$217M (-33%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.3B
TOP IMPORT POTENTIALChina+ $18.1B

Machines’s highest export potential is China. With an export gap of $15.3B.   Machines’s highest import potential is China with an import gap of $18.1B.

See methodology.

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