2023
Exports
$26.3MWorld Rnk 19 / 125
Flag Rnk 461 / 1173
2023
PRODUCT COMPLEXITY IN Steam Turbines
0.32Rnk 453 / 1025
2023
Imports
$116MWorld Rnk 8 / 186
Flag Rnk 342 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $26.3M in Steam Turbines, making it the 19th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 461st most exported product in Vietnam. The main destination of Steam Turbines exports from Vietnam are: Indonesia ($23.1M), United States ($2.44M), France ($545k), Philippines ($137k), and Japan ($55.8k).

The fastest growing export markets for Steam Turbines of Vietnam between 2022 and 2023 were Indonesia ($22.2M), United States ($2.44M), and France ($543k).

Imports In 2023, Vietnam imported $116M in Steam Turbines, becoming the 8th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 342nd most imported product in Vietnam. Vietnam imports Steam Turbines primarily from: Japan ($71.9M), Poland ($17.7M), China ($13.6M), Switzerland ($4.65M), and India ($2.93M).

The fastest growing import markets in Steam Turbines for Vietnam between 2022 and 2023 were Poland ($17.7M), China ($7.02M), and Switzerland ($4.65M).

COMPANIES In 2024, leading companies such as LG Electronics (13) and Helly Hansen (1) were at the forefront of shipping Steam Turbines from Vietnam to the United States.

Latest Trends

Dec 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 Steam Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$26.3M
IMPORTS (2023)$116M
NET TRADE (2023)-$89.5M

In 2023, Vietnam exported $26.3M in Steam Turbines. The main destinations of Vietnam exports on Steam Turbines were Indonesia ($23.1M), United States ($2.44M), France ($545k), Philippines ($137k), and Japan ($55.8k).

In 2023, Vietnam imported $116M in Steam Turbines, mainly from Japan ($71.9M), Poland ($17.7M), China ($13.6M), Switzerland ($4.65M), and India ($2.93M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Indonesia$22.2M (2.43k%)
United States$2.44M (1%)
France$543k (33.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Vietnam WERE (2022 - 2023):
India-$3.33M (-100%)
Bolivia-$1.61M (-100%)
Malaysia-$782k (-99.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $630k
TOP IMPORT POTENTIALChina+ $6.79M

Steam Turbines’s highest export potential is Indonesia. With an export gap of $630k.   Steam Turbines’s highest import potential is China with an import gap of $6.79M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with