2022
Exports
$21.2MWorld Rnk 18 / 153
Flag Rnk 544 / 1176
2022
PRODUCT COMPLEXITY IN Mill Machinery
0.2Rnk 485 / 1025
2022
Imports
$38.3MWorld Rnk 15 / 202
Flag Rnk 604 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $21.2M in Mill Machinery, making it the 18th largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 544th most exported product in Vietnam. The main destination of Mill Machinery exports from Vietnam are: Indonesia ($3.17M), Burma ($2.32M), Cambodia ($2.19M), United States ($1.17M), and Philippines ($1.09M).

The fastest growing export markets for Mill Machinery of Vietnam between 2021 and 2022 were Burma ($826k), Nicaragua ($642k), and Kenya ($468k).

Imports In 2022, Vietnam imported $38.3M in Mill Machinery, becoming the 15th largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 604th most imported product in Vietnam. Vietnam imports Mill Machinery primarily from: China ($29.9M), Italy ($1.75M), Denmark ($1.05M), Chinese Taipei ($740k), and Turkey ($737k).

The fastest growing import markets in Mill Machinery for Vietnam between 2021 and 2022 were Italy ($1.01M), Denmark ($787k), and Turkey ($611k).

COMPANIES In 2023, leading companies such as IKEA Group (1) were at the forefront of shipping Mill Machinery 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 Mill Machinery. 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)$21.2M
IMPORTS (2022)$38.3M
NET TRADE (2022)-$17M

In 2022, Vietnam exported $21.2M in Mill Machinery. The main destinations of Vietnam exports on Mill Machinery were Indonesia ($3.17M), Burma ($2.32M), Cambodia ($2.19M), United States ($1.17M), and Philippines ($1.09M).

In 2022, Vietnam imported $38.3M in Mill Machinery, mainly from China ($29.9M), Italy ($1.75M), Denmark ($1.05M), Chinese Taipei ($740k), and Turkey ($737k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Burma$826k (55.2%)
Nicaragua$642k (386%)
Kenya$468k (749%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Vietnam WERE (2021 - 2022):
Philippines-$369k (-25.4%)
Cote d'Ivoire-$360k (-44.8%)
Papua New Guinea-$342k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Mill Machinery were:
China $609M
Italy $195M
In 2022, Vietnam's main importing competitors in Mill Machinery were:

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $911k
TOP IMPORT POTENTIALChina+ $3.71M

Mill Machinery’s highest export potential is India. With an export gap of $911k.   Mill Machinery’s highest import potential is China with an import gap of $3.71M.

See methodology.

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