2023
Exports
$75.1MWorld Rnk 13 / 185
Flag Rnk 326 / 1173
2023
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.07Rnk 155 / 1025
2023
Imports
$33MWorld Rnk 30 / 215
Flag Rnk 608 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $75.1M in Opto-Electric Instrument Parts, making it the 13th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 326th most exported product in Vietnam. The main destination of Opto-Electric Instrument Parts exports from Vietnam are: Hong Kong ($63.2M), Philippines ($6.09M), Saudi Arabia ($988k), Thailand ($986k), and Costa Rica ($584k).

The fastest growing export markets for Opto-Electric Instrument Parts of Vietnam between 2022 and 2023 were Saudi Arabia ($487k), Mexico ($341k), and Nigeria ($108k).

Imports In 2023, Vietnam imported $33M in Opto-Electric Instrument Parts, becoming the 30th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 608th most imported product in Vietnam. Vietnam imports Opto-Electric Instrument Parts primarily from: Hong Kong ($16.9M), Philippines ($4.15M), Chinese Taipei ($2.43M), China ($2.09M), and Australia ($1.4M).

The fastest growing import markets in Opto-Electric Instrument Parts for Vietnam between 2022 and 2023 were Hong Kong ($16.8M), Philippines ($3.83M), and Australia ($749k).

Latest Trends

Jan 2025

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 Opto-Electric Instrument Parts. 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 (2023)$75.1M
IMPORTS (2023)$33M
NET TRADE (2023)$42.1M

In 2023, Vietnam exported $75.1M in Opto-Electric Instrument Parts. The main destinations of Vietnam exports on Opto-Electric Instrument Parts were Hong Kong ($63.2M), Philippines ($6.09M), Saudi Arabia ($988k), Thailand ($986k), and Costa Rica ($584k).

In 2023, Vietnam imported $33M in Opto-Electric Instrument Parts, mainly from Hong Kong ($16.9M), Philippines ($4.15M), Chinese Taipei ($2.43M), China ($2.09M), and Australia ($1.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Saudi Arabia$487k (97.2%)
Mexico$341k (248%)
Nigeria$108k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Vietnam WERE (2022 - 2023):
Hong Kong-$11.3M (-15.2%)
Philippines-$3.97M (-39.5%)
Thailand-$3.3M (-77%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Opto-Electric Instrument Parts were:
In 2023, Vietnam's main importing competitors in Opto-Electric Instrument Parts were:

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.99M
TOP IMPORT POTENTIALChina+ $2.28M

Opto-Electric Instrument Parts’s highest export potential is United States. With an export gap of $1.99M.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $2.28M.

See methodology.

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