2023
Exports
$71.7MWorld Rnk 6 / 196
Flag Rnk 332 / 1173
2023
PRODUCT COMPLEXITY IN Drafting Tools
1.84Rnk 11 / 1025
2023
Imports
$62.2MWorld Rnk 11 / 222
Flag Rnk 478 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $71.7M in Drafting Tools, making it the 6th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 332nd most exported product in Vietnam. The main destination of Drafting Tools exports from Vietnam are: United States ($54.8M), Canada ($7.49M), China ($4.72M), Germany ($1.09M), and Egypt ($807k).

The fastest growing export markets for Drafting Tools of Vietnam between 2022 and 2023 were United States ($11.9M), Canada ($3.8M), and China ($2.22M).

Imports In 2023, Vietnam imported $62.2M in Drafting Tools, becoming the 11th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 478th most imported product in Vietnam. Vietnam imports Drafting Tools primarily from: China ($52M), Singapore ($5.76M), Japan ($1.84M), United States ($770k), and Germany ($729k).

The fastest growing import markets in Drafting Tools for Vietnam between 2022 and 2023 were China ($26.8M), Singapore ($5.54M), and United States ($297k).

COMPANIES In 2024, leading companies such as Stanley Black & Decker (15), Apex Tool Group (7), and Nike (5) were at the forefront of shipping Drafting Tools from Vietnam to the United States.

Latest Trends

Dec 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 Drafting Tools. 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 (2023)$71.7M
IMPORTS (2023)$62.2M
NET TRADE (2023)$9.43M

In 2023, Vietnam exported $71.7M in Drafting Tools. The main destinations of Vietnam exports on Drafting Tools were United States ($54.8M), Canada ($7.49M), China ($4.72M), Germany ($1.09M), and Egypt ($807k).

In 2023, Vietnam imported $62.2M in Drafting Tools, mainly from China ($52M), Singapore ($5.76M), Japan ($1.84M), United States ($770k), and Germany ($729k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
United States$11.9M (27.8%)
Canada$3.8M (103%)
China$2.22M (88.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Vietnam WERE (2022 - 2023):
Germany-$597k (-35.4%)
South Korea-$308k (-100%)
Saudi Arabia-$277k (-93.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Drafting Tools were:
In 2023, Vietnam's main importing competitors in Drafting Tools were:

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.94M
TOP IMPORT POTENTIALChina+ $7.06M

Drafting Tools’s highest export potential is China. With an export gap of $2.94M.   Drafting Tools’s highest import potential is China with an import gap of $7.06M.

See methodology.

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