2023
Exports
$461MWorld Rnk 23 / 216
Flag Rnk 120 / 1173
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$854MWorld Rnk 18 / 225
Flag Rnk 62 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $461M in Electric Heaters, making it the 23rd largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 120th most exported product in Vietnam. The main destination of Electric Heaters exports from Vietnam are: United States ($112M), Japan ($102M), Indonesia ($48.7M), Thailand ($40.3M), and Mexico ($20.5M).

The fastest growing export markets for Electric Heaters of Vietnam between 2022 and 2023 were Mexico ($5.97M), Germany ($4.57M), and Slovakia ($3.57M).

Imports In 2023, Vietnam imported $854M in Electric Heaters, becoming the 18th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 62nd most imported product in Vietnam. Vietnam imports Electric Heaters primarily from: China ($728M), Thailand ($35.5M), Malaysia ($26.3M), Japan ($16.6M), and Germany ($10.5M).

The fastest growing import markets in Electric Heaters for Vietnam between 2022 and 2023 were China ($165M), France ($1.64M), and United Kingdom ($1.55M).

COMPANIES In 2024, leading companies such as Ameziel (21), Conair (16), and Office Star Products (13) were at the forefront of shipping Electric Heaters 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 Electric Heaters. 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)$461M
IMPORTS (2023)$854M
NET TRADE (2023)-$393M

In 2023, Vietnam exported $461M in Electric Heaters. The main destinations of Vietnam exports on Electric Heaters were United States ($112M), Japan ($102M), Indonesia ($48.7M), Thailand ($40.3M), and Mexico ($20.5M).

In 2023, Vietnam imported $854M in Electric Heaters, mainly from China ($728M), Thailand ($35.5M), Malaysia ($26.3M), Japan ($16.6M), and Germany ($10.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Mexico$5.97M (41.2%)
Germany$4.57M (43.1%)
Slovakia$3.57M (57.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Vietnam WERE (2022 - 2023):
South Korea-$95.5M (-100%)
Japan-$12M (-10.5%)
Thailand-$7.22M (-15.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Vietnam's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $61.2M
TOP IMPORT POTENTIALChina+ $268M

Electric Heaters’s highest export potential is United States. With an export gap of $61.2M.   Electric Heaters’s highest import potential is China with an import gap of $268M.

See methodology.

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