2022
Exports
$287MWorld Rnk 11 / 209
Flag Rnk 182 / 1176
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$247MWorld Rnk 14 / 223
Flag Rnk 241 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $287M in Padlocks, making it the 11th largest exporter of Padlocks in the world. At the same year, Padlocks was the 182nd most exported product in Vietnam. The main destination of Padlocks exports from Vietnam are: United States ($92.4M), South Korea ($49.3M), China ($19M), India ($17.1M), and Thailand ($15.7M).

The fastest growing export markets for Padlocks of Vietnam between 2021 and 2022 were United States ($23.6M), Sweden ($12.7M), and China ($8.82M).

Imports In 2022, Vietnam imported $247M in Padlocks, becoming the 14th largest importer of Padlocks in the world. At the same year, Padlocks was the 241st most imported product in Vietnam. Vietnam imports Padlocks primarily from: China ($188M), South Korea ($31.5M), Thailand ($5.01M), Chinese Taipei ($4.2M), and Germany ($3.05M).

The fastest growing import markets in Padlocks for Vietnam between 2021 and 2022 were China ($45M), South Korea ($2.87M), and Chinese Taipei ($1.78M).

COMPANIES In 2023, leading companies such as Walmart (6), CITY Furniture (2), and Office Star Products (2) were at the forefront of shipping Padlocks from Vietnam to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Padlocks. 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)$287M
IMPORTS (2022)$247M
NET TRADE (2022)$39.8M

In 2022, Vietnam exported $287M in Padlocks. The main destinations of Vietnam exports on Padlocks were United States ($92.4M), South Korea ($49.3M), China ($19M), India ($17.1M), and Thailand ($15.7M).

In 2022, Vietnam imported $247M in Padlocks, mainly from China ($188M), South Korea ($31.5M), Thailand ($5.01M), Chinese Taipei ($4.2M), and Germany ($3.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$23.6M (34.4%)
Sweden$12.7M (1.52k%)
China$8.82M (86.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Vietnam WERE (2021 - 2022):
Slovenia-$4.75M (-59.3%)
Russia-$2.14M (-84.6%)
Indonesia-$1.75M (-51.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Vietnam's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.7M
TOP IMPORT POTENTIALChina+ $45.6M

Padlocks’s highest export potential is China. With an export gap of $18.7M.   Padlocks’s highest import potential is China with an import gap of $45.6M.

See methodology.

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