2022
Exports
$74.2MWorld Rnk 34 / 209
Flag Rnk 339 / 1176
2022
PRODUCT COMPLEXITY IN Electrical Ignitions
0.62Rnk 310 / 1025
2022
Imports
$110MWorld Rnk 34 / 223
Flag Rnk 399 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $74.2M in Electrical Ignitions, making it the 34th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 339th most exported product in Vietnam. The main destination of Electrical Ignitions exports from Vietnam are: Thailand ($16.4M), Japan ($12.9M), Mexico ($7.01M), South Korea ($6.1M), and Brazil ($5.67M).

The fastest growing export markets for Electrical Ignitions of Vietnam between 2021 and 2022 were Thailand ($9.81M), Colombia ($2.66M), and Malaysia ($2.66M).

Imports In 2022, Vietnam imported $110M in Electrical Ignitions, becoming the 34th largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 399th most imported product in Vietnam. Vietnam imports Electrical Ignitions primarily from: China ($51.1M), Thailand ($26.9M), Japan ($10.9M), Indonesia ($4.79M), and South Korea ($2.96M).

The fastest growing import markets in Electrical Ignitions for Vietnam between 2021 and 2022 were Thailand ($6.63M), Indonesia ($1.09M), and Spain ($894k).

COMPANIES In 2023, leading companies such as Panasonic (76), IKEA Group (14), and LG Electronics (2) were at the forefront of shipping Electrical Ignitions from Vietnam to the United States.

Latest Trends

Nov 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 Electrical Ignitions. 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)$74.2M
IMPORTS (2022)$110M
NET TRADE (2022)-$35.6M

In 2022, Vietnam exported $74.2M in Electrical Ignitions. The main destinations of Vietnam exports on Electrical Ignitions were Thailand ($16.4M), Japan ($12.9M), Mexico ($7.01M), South Korea ($6.1M), and Brazil ($5.67M).

In 2022, Vietnam imported $110M in Electrical Ignitions, mainly from China ($51.1M), Thailand ($26.9M), Japan ($10.9M), Indonesia ($4.79M), and South Korea ($2.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Thailand$9.81M (149%)
Colombia$2.66M (3.6M%)
Malaysia$2.66M (128%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Vietnam WERE (2021 - 2022):
France-$1.06M (-17.6%)
Mexico-$573k (-7.55%)
India-$368k (-25.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Electrical Ignitions were:
In 2022, Vietnam's main importing competitors in Electrical Ignitions were:

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Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.14M
TOP IMPORT POTENTIALChina+ $24.8M

Electrical Ignitions’s highest export potential is United States. With an export gap of $4.14M.   Electrical Ignitions’s highest import potential is China with an import gap of $24.8M.

See methodology.

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