2023
Exports
$1.02BWorld Rnk 13 / 217
Flag Rnk 69 / 1173
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$884MWorld Rnk 17 / 225
Flag Rnk 58 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $1.02B in Other Electrical Machinery, making it the 13th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 69th most exported product in Vietnam. The main destination of Other Electrical Machinery exports from Vietnam are: United States ($587M), China ($146M), Japan ($52.9M), Thailand ($38.4M), and Netherlands ($28M).

The fastest growing export markets for Other Electrical Machinery of Vietnam between 2022 and 2023 were United States ($235M), China ($52.3M), and Netherlands ($11.5M).

Imports In 2023, Vietnam imported $884M in Other Electrical Machinery, becoming the 17th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 58th most imported product in Vietnam. Vietnam imports Other Electrical Machinery primarily from: China ($621M), Japan ($84.6M), Hong Kong ($38M), Singapore ($35.3M), and Thailand ($31.4M).

The fastest growing import markets in Other Electrical Machinery for Vietnam between 2022 and 2023 were Japan ($50.4M), Hong Kong ($36.1M), and Singapore ($29.4M).

COMPANIES In 2024, leading companies such as YAMAHA CORPORATION OF AMERICA (26), Signify Lighting (1), and Conair (1) were at the forefront of shipping Other Electrical Machinery from Vietnam to the United States.

Latest Trends

Dec 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 Other Electrical 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 (2023)$1.02B
IMPORTS (2023)$884M
NET TRADE (2023)$132M

In 2023, Vietnam exported $1.02B in Other Electrical Machinery. The main destinations of Vietnam exports on Other Electrical Machinery were United States ($587M), China ($146M), Japan ($52.9M), Thailand ($38.4M), and Netherlands ($28M).

In 2023, Vietnam imported $884M in Other Electrical Machinery, mainly from China ($621M), Japan ($84.6M), Hong Kong ($38M), Singapore ($35.3M), and Thailand ($31.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
United States$235M (66.7%)
China$52.3M (55.7%)
Netherlands$11.5M (69.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Vietnam WERE (2022 - 2023):
South Korea-$106M (-100%)
Germany-$30.6M (-62.5%)
Russia-$13.4M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Other Electrical Machinery were:
In 2023, Vietnam's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $84.8M
TOP IMPORT POTENTIALChina+ $185M

Other Electrical Machinery’s highest export potential is China. With an export gap of $84.8M.   Other Electrical Machinery’s highest import potential is China with an import gap of $185M.

See methodology.

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