2022
Exports
$1.64MWorld Rnk 29 / 168
Flag Rnk 869 / 1176
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$6.79MWorld Rnk 33 / 209
Flag Rnk 902 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.64M in String Instruments, making it the 29th largest exporter of String Instruments in the world. At the same year, String Instruments was the 869th most exported product in Vietnam. The main destination of String Instruments exports from Vietnam are: United Kingdom ($398k), Japan ($356k), United States ($238k), Poland ($172k), and Germany ($125k).

The fastest growing export markets for String Instruments of Vietnam between 2021 and 2022 were United Kingdom ($319k), Poland ($171k), and United States ($153k).

Imports In 2022, Vietnam imported $6.79M in String Instruments, becoming the 33rd largest importer of String Instruments in the world. At the same year, String Instruments was the 902nd most imported product in Vietnam. Vietnam imports String Instruments primarily from: China ($4.34M), Japan ($1.31M), United States ($273k), Indonesia ($270k), and Mexico ($240k).

The fastest growing import markets in String Instruments for Vietnam between 2021 and 2022 were Japan ($989k), Indonesia ($73.2k), and Netherlands ($46.6k).

COMPANIES In 2023, leading companies such as Costco Wholesale (22), Fred Meyer (4), and 99 Cents Only Stores (2) were at the forefront of shipping String Instruments from Vietnam to the United States.

Latest Trends

Sep 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 String Instruments. 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)$1.64M
IMPORTS (2022)$6.79M
NET TRADE (2022)-$5.15M

In 2022, Vietnam exported $1.64M in String Instruments. The main destinations of Vietnam exports on String Instruments were United Kingdom ($398k), Japan ($356k), United States ($238k), Poland ($172k), and Germany ($125k).

In 2022, Vietnam imported $6.79M in String Instruments, mainly from China ($4.34M), Japan ($1.31M), United States ($273k), Indonesia ($270k), and Mexico ($240k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United Kingdom$319k (406%)
Poland$171k (37.2k%)
United States$153k (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Vietnam WERE (2021 - 2022):
Singapore-$20.5k (-76.8%)
Egypt-$12.9k (-95.4%)
Switzerland-$6.28k (-37.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in String Instruments were:
In 2022, Vietnam's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $239k
TOP IMPORT POTENTIALChina+ $1.82M

String Instruments’s highest export potential is United States. With an export gap of $239k.   String Instruments’s highest import potential is China with an import gap of $1.82M.

See methodology.

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