2022
Exports
$1.06BWorld Rnk 6 / 218
Flag Rnk 67 / 1176
2022
PRODUCT COMPLEXITY IN Sports Equipment
0.52Rnk 358 / 1025
2022
Imports
$334MWorld Rnk 24 / 225
Flag Rnk 190 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.06B in Sports Equipment, making it the 6th largest exporter of Sports Equipment in the world. At the same year, Sports Equipment was the 67th most exported product in Vietnam. The main destination of Sports Equipment exports from Vietnam are: United States ($480M), Japan ($101M), Mexico ($91M), United Kingdom ($58.8M), and Canada ($41.6M).

The fastest growing export markets for Sports Equipment of Vietnam between 2021 and 2022 were United States ($124M), Japan ($42.4M), and Mexico ($22.7M).

Imports In 2022, Vietnam imported $334M in Sports Equipment, becoming the 24th largest importer of Sports Equipment in the world. At the same year, Sports Equipment was the 190th most imported product in Vietnam. Vietnam imports Sports Equipment primarily from: China ($225M), Hong Kong ($31.2M), Japan ($21.5M), Chinese Taipei ($14.2M), and Turkey ($6.29M).

The fastest growing import markets in Sports Equipment for Vietnam between 2021 and 2022 were Hong Kong ($30.6M), Japan ($7.61M), and Turkey ($3.29M).

COMPANIES In 2023, leading companies such as Callaway Golf (133), IKEA Group (35), and Nike (12) were at the forefront of shipping Sports Equipment 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 Sports Equipment. 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)$1.06B
IMPORTS (2022)$334M
NET TRADE (2022)$721M

In 2022, Vietnam exported $1.06B in Sports Equipment. The main destinations of Vietnam exports on Sports Equipment were United States ($480M), Japan ($101M), Mexico ($91M), United Kingdom ($58.8M), and Canada ($41.6M).

In 2022, Vietnam imported $334M in Sports Equipment, mainly from China ($225M), Hong Kong ($31.2M), Japan ($21.5M), Chinese Taipei ($14.2M), and Turkey ($6.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sports Equipment EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$124M (35%)
Japan$42.4M (71.9%)
Mexico$22.7M (33.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sports Equipment BY Vietnam WERE (2021 - 2022):
Netherlands-$3.13M (-9.49%)
Austria-$1.52M (-82.2%)
Norway-$1.42M (-24.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Sports Equipment were:
In 2022, Vietnam's main importing competitors in Sports Equipment were:

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Trade Value of Sports Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $51.3M
TOP IMPORT POTENTIALChina+ $123M

Sports Equipment’s highest export potential is China. With an export gap of $51.3M.   Sports Equipment’s highest import potential is China with an import gap of $123M.

See methodology.

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