2022
Exports
$5.67MWorld Rnk 32 / 142
Flag Rnk 735 / 1176
2022
PRODUCT COMPLEXITY IN Tool Plates
1.66Rnk 31 / 1025
2022
Imports
$35.9MWorld Rnk 31 / 188
Flag Rnk 619 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $5.67M in Tool Plates, making it the 32nd largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 735th most exported product in Vietnam. The main destination of Tool Plates exports from Vietnam are: China ($2.18M), Thailand ($948k), Japan ($917k), South Korea ($422k), and Germany ($302k).

The fastest growing export markets for Tool Plates of Vietnam between 2021 and 2022 were China ($1.23M), Thailand ($373k), and Japan ($135k).

Imports In 2018, Vietnam imported $35.9M in Tool Plates, becoming the 31st largest importer of Tool Plates in the world. At the same year, Tool Plates was the 619th most imported product in Vietnam. Vietnam imports Tool Plates primarily from: Japan ($13.6M), South Korea ($7.06M), China ($5.9M), Singapore ($2.45M), and Israel ($1.79M).

The fastest growing import markets in Tool Plates for Vietnam between 2021 and 2022 were China ($1.82M), Hong Kong ($838k), and India ($613k).

Latest Trends

Jul 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 Tool Plates. 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)$5.67M
IMPORTS (2022)$35.9M
NET TRADE (2022)-$30.2M

In 2022, Vietnam exported $5.67M in Tool Plates. The main destinations of Vietnam exports on Tool Plates were China ($2.18M), Thailand ($948k), Japan ($917k), South Korea ($422k), and Germany ($302k).

In 2022, Vietnam imported $35.9M in Tool Plates, mainly from Japan ($13.6M), South Korea ($7.06M), China ($5.9M), Singapore ($2.45M), and Israel ($1.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$1.23M (130%)
Thailand$373k (65%)
Japan$135k (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Vietnam WERE (2021 - 2022):
United States-$582k (-98.5%)
Germany-$544k (-64.3%)
Chinese Taipei-$82.5k (-25.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Vietnam's main importing competitors in Tool Plates were:

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.31M
TOP IMPORT POTENTIALChina+ $4.46M

Tool Plates’s highest export potential is China. With an export gap of $2.31M.   Tool Plates’s highest import potential is China with an import gap of $4.46M.

See methodology.

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