2022
Exports
$1.07BWorld Rnk 20 / 224
Flag Rnk 66 / 1176
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$887MWorld Rnk 33 / 224
Flag Rnk 82 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.07B in Valves, making it the 20th largest exporter of Valves in the world. At the same year, Valves was the 66th most exported product in Vietnam. The main destination of Valves exports from Vietnam are: United States ($295M), Japan ($241M), China ($179M), South Korea ($105M), and Mexico ($65.9M).

The fastest growing export markets for Valves of Vietnam between 2021 and 2022 were United States ($74.8M), Japan ($61.4M), and Mexico ($32.6M).

Imports In 2022, Vietnam imported $887M in Valves, becoming the 33rd largest importer of Valves in the world. At the same year, Valves was the 82nd most imported product in Vietnam. Vietnam imports Valves primarily from: China ($477M), Japan ($108M), South Korea ($61.4M), Thailand ($42.7M), and Germany ($25M).

The fastest growing import markets in Valves for Vietnam between 2021 and 2022 were China ($82.3M), Singapore ($5.47M), and India ($4.22M).

COMPANIES In 2023, leading companies such as Home Depot (8), Samsung (2), and Bass Pro Shops (2) were at the forefront of shipping Valves from Vietnam to the United States.

Latest Trends

Sep 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 Valves. 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)$1.07B
IMPORTS (2022)$887M
NET TRADE (2022)$186M

In 2022, Vietnam exported $1.07B in Valves. The main destinations of Vietnam exports on Valves were United States ($295M), Japan ($241M), China ($179M), South Korea ($105M), and Mexico ($65.9M).

In 2022, Vietnam imported $887M in Valves, mainly from China ($477M), Japan ($108M), South Korea ($61.4M), Thailand ($42.7M), and Germany ($25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$74.8M (34%)
Japan$61.4M (34.1%)
Mexico$32.6M (97.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Vietnam WERE (2021 - 2022):
Brazil-$5.49M (-77.3%)
Hong Kong-$2.34M (-69.2%)
Thailand-$2.3M (-5.12%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $150M
TOP IMPORT POTENTIALChina+ $200M

Valves’s highest export potential is China. With an export gap of $150M.   Valves’s highest import potential is China with an import gap of $200M.

See methodology.

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