2022
Exports
$1.24BWorld Rnk 23 / 224
Flag Rnk 55 / 1176
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$628MWorld Rnk 37 / 225
Flag Rnk 115 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.24B in Medical Instruments, making it the 23rd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 55th most exported product in Vietnam. The main destination of Medical Instruments exports from Vietnam are: Japan ($195M), China ($195M), United States ($167M), Belgium ($108M), and Germany ($79.3M).

The fastest growing export markets for Medical Instruments of Vietnam between 2021 and 2022 were Belgium ($32.9M), Japan ($20.3M), and China ($19.4M).

Imports In 2022, Vietnam imported $628M in Medical Instruments, becoming the 37th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 115th most imported product in Vietnam. Vietnam imports Medical Instruments primarily from: Japan ($145M), China ($94.9M), United States ($70.9M), Germany ($68.8M), and South Korea ($50.5M).

The fastest growing import markets in Medical Instruments for Vietnam between 2021 and 2022 were Japan ($72M), South Korea ($13.2M), and United States ($12.5M).

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 Medical Instruments. 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)$1.24B
IMPORTS (2022)$628M
NET TRADE (2022)$614M

In 2022, Vietnam exported $1.24B in Medical Instruments. The main destinations of Vietnam exports on Medical Instruments were Japan ($195M), China ($195M), United States ($167M), Belgium ($108M), and Germany ($79.3M).

In 2022, Vietnam imported $628M in Medical Instruments, mainly from Japan ($145M), China ($94.9M), United States ($70.9M), Germany ($68.8M), and South Korea ($50.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Belgium$32.9M (43.6%)
Japan$20.3M (11.6%)
China$19.4M (11.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Vietnam WERE (2021 - 2022):
Saudi Arabia-$14.4M (-81.8%)
United States-$12M (-6.68%)
India-$5.39M (-17.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $210M
TOP IMPORT POTENTIALChina+ $88.5M

Medical Instruments’s highest export potential is China. With an export gap of $210M.   Medical Instruments’s highest import potential is China with an import gap of $88.5M.

See methodology.

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