2023
Exports
$9.95MWorld Rnk 48 / 197
Flag Rnk 609 / 1173
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$182MWorld Rnk 20 / 224
Flag Rnk 268 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $9.95M in Electric Soldering Equipment, making it the 48th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 609th most exported product in Vietnam. The main destination of Electric Soldering Equipment exports from Vietnam are: Japan ($6.91M), United States ($1.18M), India ($398k), Malaysia ($272k), and Philippines ($254k).

The fastest growing export markets for Electric Soldering Equipment of Vietnam between 2022 and 2023 were United States ($552k), India ($312k), and Thailand ($108k).

Imports In 2023, Vietnam imported $182M in Electric Soldering Equipment, becoming the 20th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 268th most imported product in Vietnam. Vietnam imports Electric Soldering Equipment primarily from: China ($136M), Japan ($11.2M), Malaysia ($7.43M), Germany ($5.8M), and Hong Kong ($4.17M).

The fastest growing import markets in Electric Soldering Equipment for Vietnam between 2022 and 2023 were Malaysia ($5.4M), Hong Kong ($4.16M), and Czechia ($1.52M).

COMPANIES In 2024, leading companies such as LG Electronics (21) were at the forefront of shipping Electric Soldering Equipment 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 Soldering Equipment. 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)$9.95M
IMPORTS (2023)$182M
NET TRADE (2023)-$172M

In 2023, Vietnam exported $9.95M in Electric Soldering Equipment. The main destinations of Vietnam exports on Electric Soldering Equipment were Japan ($6.91M), United States ($1.18M), India ($398k), Malaysia ($272k), and Philippines ($254k).

In 2023, Vietnam imported $182M in Electric Soldering Equipment, mainly from China ($136M), Japan ($11.2M), Malaysia ($7.43M), Germany ($5.8M), and Hong Kong ($4.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
United States$552k (87.4%)
India$312k (361%)
Thailand$108k (1.77k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Vietnam WERE (2022 - 2023):
South Korea-$4.02M (-100%)
China-$3.3M (-98.3%)
Philippines-$2.01M (-88.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Electric Soldering Equipment were:
In 2023, Vietnam's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.04M
TOP IMPORT POTENTIALChina+ $30.7M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $5.04M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $30.7M.

See methodology.

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