2022
Exports
$513MWorld Rnk 26 / 215
Flag Rnk 119 / 1176
2022
PRODUCT COMPLEXITY IN Electric Heaters
0.46Rnk 379 / 1025
2022
Imports
$1.03BWorld Rnk 16 / 224
Flag Rnk 67 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $513M in Electric Heaters, making it the 26th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 119th most exported product in Vietnam. The main destination of Electric Heaters exports from Vietnam are: Japan ($105M), United States ($100M), South Korea ($83.9M), Indonesia ($44.1M), and Thailand ($35.1M).

The fastest growing export markets for Electric Heaters of Vietnam between 2021 and 2022 were South Korea ($16.6M), United States ($14M), and Japan ($9.66M).

Imports In 2022, Vietnam imported $1.03B in Electric Heaters, becoming the 16th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 67th most imported product in Vietnam. Vietnam imports Electric Heaters primarily from: China ($803M), South Korea ($54.8M), Thailand ($48.1M), Malaysia ($42.2M), and Japan ($21.7M).

The fastest growing import markets in Electric Heaters for Vietnam between 2021 and 2022 were China ($91.4M), South Korea ($13.1M), and Thailand ($11.3M).

COMPANIES In 2023, leading companies such as Costco Wholesale (18), Home Depot (17), and Office Star Products (7) were at the forefront of shipping Electric Heaters from Vietnam to the United States.

Latest Trends

Oct 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 (2022)$513M
IMPORTS (2022)$1.03B
NET TRADE (2022)-$514M

In 2022, Vietnam exported $513M in Electric Heaters. The main destinations of Vietnam exports on Electric Heaters were Japan ($105M), United States ($100M), South Korea ($83.9M), Indonesia ($44.1M), and Thailand ($35.1M).

In 2022, Vietnam imported $1.03B in Electric Heaters, mainly from China ($803M), South Korea ($54.8M), Thailand ($48.1M), Malaysia ($42.2M), and Japan ($21.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$16.6M (24.7%)
United States$14M (16.3%)
Japan$9.66M (10.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Vietnam WERE (2021 - 2022):
Hong Kong-$13.3M (-71.5%)
Singapore-$5.16M (-26.7%)
Germany-$1.97M (-15.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Electric Heaters were:
China $31.5B
Italy $2.96B
In 2022, 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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