2022
Exports
$1.28BWorld Rnk 12 / 226
Flag Rnk 35 / 96
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$1.08BWorld Rnk 20 / 225
Flag Rnk 51 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.28B in Tools & cutlery, making it the 12th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 35th most exported product in Vietnam. The main destination of Tools & cutlery exports from Vietnam are: United States ($470M), Japan ($103M), Germany ($94.6M), Netherlands ($53.5M), and China ($49.9M).

The fastest growing export markets for Tools & cutlery of Vietnam between 2021 and 2022 were United States ($67.1M), Italy ($28.9M), and Germany ($28.1M).

Imports In 2022, Vietnam imported $1.08B in Tools & cutlery, becoming the 20th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 51st most imported product in Vietnam. Vietnam imports Tools & cutlery primarily from: China ($614M), South Korea ($131M), Japan ($84.7M), Chinese Taipei ($50.3M), and Poland ($35.2M).

The fastest growing import markets in Tools & cutlery for Vietnam between 2021 and 2022 were China ($71.3M), United States ($13.3M), and Switzerland ($3.11M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (564), Samsung (330), and Asus Computer (175) were at the forefront of shipping Tools & cutlery from Vietnam to the United States.

Latest Trends

Nov 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 Tools & cutlery. 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)$1.28B
IMPORTS (2022)$1.08B
NET TRADE (2022)$196M

In 2022, Vietnam exported $1.28B in Tools & cutlery. The main destinations of Vietnam exports on Tools & cutlery were United States ($470M), Japan ($103M), Germany ($94.6M), Netherlands ($53.5M), and China ($49.9M).

In 2022, Vietnam imported $1.08B in Tools & cutlery, mainly from China ($614M), South Korea ($131M), Japan ($84.7M), Chinese Taipei ($50.3M), and Poland ($35.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$67.1M (16.6%)
Italy$28.9M (208%)
Germany$28.1M (42.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Vietnam WERE (2021 - 2022):
China-$16.3M (-24.7%)
Austria-$4.07M (-52.6%)
Saudi Arabia-$1.39M (-60%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Tools & cutlery were:
In 2022, Vietnam's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $52.4M
TOP IMPORT POTENTIALChina+ $167M

Tools & cutlery’s highest export potential is China. With an export gap of $52.4M.   Tools & cutlery’s highest import potential is China with an import gap of $167M.

See methodology.

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