2023
Exports
$178MWorld Rnk 7 / 136
Flag Rnk 215 / 1173
2023
PRODUCT COMPLEXITY IN Steam Boilers
0.38Rnk 422 / 1025
2023
Imports
$62.9MWorld Rnk 21 / 212
Flag Rnk 473 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $178M in Steam Boilers, making it the 7th largest exporter of Steam Boilers in the world. At the same year, Steam Boilers was the 215th most exported product in Vietnam. The main destination of Steam Boilers exports from Vietnam are: Chinese Taipei ($49.9M), Indonesia ($38.4M), United States ($26.8M), Turkey ($11.3M), and Japan ($7.85M).

The fastest growing export markets for Steam Boilers of Vietnam between 2022 and 2023 were United States ($20.8M), Turkey ($11.3M), and Indonesia ($8.39M).

Imports In 2023, Vietnam imported $62.9M in Steam Boilers, becoming the 21st largest importer of Steam Boilers in the world. At the same year, Steam Boilers was the 473rd most imported product in Vietnam. Vietnam imports Steam Boilers primarily from: China ($41.1M), Japan ($14.8M), India ($3.63M), Indonesia ($792k), and Netherlands ($608k).

The fastest growing import markets in Steam Boilers for Vietnam between 2022 and 2023 were Netherlands ($324k), Malaysia ($178k), and Singapore ($101k).

COMPANIES In 2024, leading companies such as Coaster Fine Furniture (9), LG Electronics (6), and At Home Procurement (5) were at the forefront of shipping Steam Boilers 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 Steam Boilers. 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)$178M
IMPORTS (2023)$62.9M
NET TRADE (2023)$115M

In 2023, Vietnam exported $178M in Steam Boilers. The main destinations of Vietnam exports on Steam Boilers were Chinese Taipei ($49.9M), Indonesia ($38.4M), United States ($26.8M), Turkey ($11.3M), and Japan ($7.85M).

In 2023, Vietnam imported $62.9M in Steam Boilers, mainly from China ($41.1M), Japan ($14.8M), India ($3.63M), Indonesia ($792k), and Netherlands ($608k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steam Boilers EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
United States$20.8M (351%)
Turkey$11.3M (1%)
Indonesia$8.39M (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Boilers BY Vietnam WERE (2022 - 2023):
Singapore-$49.5M (-87.1%)
Malaysia-$35M (-100%)
Chinese Taipei-$17.9M (-26.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Steam Boilers were:
In 2023, Vietnam's main importing competitors in Steam Boilers were:

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Trade Value of Steam Boilers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.14M
TOP IMPORT POTENTIALChina+ $13.2M

Steam Boilers’s highest export potential is United States. With an export gap of $3.14M.   Steam Boilers’s highest import potential is China with an import gap of $13.2M.

See methodology.

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