2022
Exports
$171MWorld Rnk 28 / 186
Flag Rnk 238 / 1176
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$647MWorld Rnk 10 / 219
Flag Rnk 107 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $171M in Electric Motor Parts, making it the 28th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 238th most exported product in Vietnam. The main destination of Electric Motor Parts exports from Vietnam are: France ($40.5M), United States ($31.7M), Japan ($30.4M), South Korea ($22.9M), and China ($10.2M).

The fastest growing export markets for Electric Motor Parts of Vietnam between 2021 and 2022 were France ($22.8M), United States ($6.75M), and South Korea ($5.13M).

Imports In 2022, Vietnam imported $647M in Electric Motor Parts, becoming the 10th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 107th most imported product in Vietnam. Vietnam imports Electric Motor Parts primarily from: China ($448M), South Korea ($83.2M), Japan ($39.8M), Chinese Taipei ($25.3M), and Netherlands ($11M).

The fastest growing import markets in Electric Motor Parts for Vietnam between 2021 and 2022 were Japan ($15.5M), Netherlands ($9.21M), and Germany ($5.1M).

COMPANIES In 2023, leading companies such as Bass Pro Shops (24), GE RENEWABLES NORTH AMERICA LLC (5), and 99 Cents Only Stores (1) were at the forefront of shipping Electric Motor Parts from Vietnam to the United States.

Latest Trends

Jul 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 Electric Motor Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$171M
IMPORTS (2022)$647M
NET TRADE (2022)-$476M

In 2022, Vietnam exported $171M in Electric Motor Parts. The main destinations of Vietnam exports on Electric Motor Parts were France ($40.5M), United States ($31.7M), Japan ($30.4M), South Korea ($22.9M), and China ($10.2M).

In 2022, Vietnam imported $647M in Electric Motor Parts, mainly from China ($448M), South Korea ($83.2M), Japan ($39.8M), Chinese Taipei ($25.3M), and Netherlands ($11M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
France$22.8M (129%)
United States$6.75M (27.1%)
South Korea$5.13M (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Vietnam WERE (2021 - 2022):
Hong Kong-$4.41M (-71.2%)
Philippines-$2.34M (-59.4%)
Switzerland-$1.2M (-66%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Vietnam's main importing competitors in Electric Motor Parts were:

Explore Visualizations

Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.3M
TOP IMPORT POTENTIALChina+ $59.5M

Electric Motor Parts’s highest export potential is United States. With an export gap of $17.3M.   Electric Motor Parts’s highest import potential is China with an import gap of $59.5M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with