2022
Exports
$6.91MWorld Rnk 24 / 160
Flag Rnk 703 / 1176
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$85.9MWorld Rnk 6 / 212
Flag Rnk 450 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.91M in Metalworking Machines, making it the 24th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 703rd most exported product in Vietnam. The main destination of Metalworking Machines exports from Vietnam are: Czechia ($2.16M), Japan ($2.04M), Germany ($1.43M), United States ($408k), and South Korea ($146k).

The fastest growing export markets for Metalworking Machines of Vietnam between 2021 and 2022 were Japan ($2.01M), Pakistan ($91.7k), and New Zealand ($47.6k).

Imports In 2022, Vietnam imported $85.9M in Metalworking Machines, becoming the 6th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 450th most imported product in Vietnam. Vietnam imports Metalworking Machines primarily from: China ($58.6M), Japan ($12.7M), South Korea ($6.8M), Chinese Taipei ($3.73M), and Thailand ($1.87M).

The fastest growing import markets in Metalworking Machines for Vietnam between 2021 and 2022 were China ($8.41M), South Korea ($3.02M), and Thailand ($1.01M).

COMPANIES In 2023, leading companies such as Sailun Tire (72) and Tmall (3) were at the forefront of shipping Metalworking Machines 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 Metalworking 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)$6.91M
IMPORTS (2022)$85.9M
NET TRADE (2022)-$79M

In 2022, Vietnam exported $6.91M in Metalworking Machines. The main destinations of Vietnam exports on Metalworking Machines were Czechia ($2.16M), Japan ($2.04M), Germany ($1.43M), United States ($408k), and South Korea ($146k).

In 2022, Vietnam imported $85.9M in Metalworking Machines, mainly from China ($58.6M), Japan ($12.7M), South Korea ($6.8M), Chinese Taipei ($3.73M), and Thailand ($1.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$2.01M (9.55k%)
Pakistan$91.7k (1%)
New Zealand$47.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Vietnam WERE (2021 - 2022):
Germany-$731k (-33.9%)
South Korea-$712k (-83%)
Czechia-$566k (-20.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $328k
TOP IMPORT POTENTIALChina+ $2.5M

Metalworking Machines’s highest export potential is United States. With an export gap of $328k.   Metalworking Machines’s highest import potential is China with an import gap of $2.5M.

See methodology.

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