2022
Exports
$152BWorld Rnk 6 / 226
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.96Rnk 7 / 1025
2022
Imports
$115BWorld Rnk 8 / 226
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $152B in Electrical machinery and electronics, making it the 6th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 1st most exported product in Vietnam. The main destination of Electrical machinery and electronics exports from Vietnam are: United States ($41.9B), China ($33.7B), South Korea ($10.4B), Hong Kong ($7.66B), and Japan ($5.83B).

The fastest growing export markets for Electrical machinery and electronics of Vietnam between 2021 and 2022 were United States ($8.25B), China ($2.07B), and South Korea ($979M).

Imports In 2022, Vietnam imported $115B in Electrical machinery and electronics, becoming the 8th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 1st most imported product in Vietnam. Vietnam imports Electrical machinery and electronics primarily from: China ($48.9B), South Korea ($36.2B), Chinese Taipei ($5.27B), Japan ($4.85B), and Malaysia ($4.54B).

The fastest growing import markets in Electrical machinery and electronics for Vietnam between 2021 and 2022 were China ($3.31B), South Korea ($2.71B), and Singapore ($1.69B).

COMPANIES In 2023, leading companies such as Samsung (1.5k), Home Depot (515), and Toshiba (390) were at the forefront of shipping Electrical machinery and electronics 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 Electrical machinery and electronics. 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)$152B
IMPORTS (2022)$115B
NET TRADE (2022)$37.8B

In 2022, Vietnam exported $152B in Electrical machinery and electronics. The main destinations of Vietnam exports on Electrical machinery and electronics were United States ($41.9B), China ($33.7B), South Korea ($10.4B), Hong Kong ($7.66B), and Japan ($5.83B).

In 2022, Vietnam imported $115B in Electrical machinery and electronics, mainly from China ($48.9B), South Korea ($36.2B), Chinese Taipei ($5.27B), Japan ($4.85B), and Malaysia ($4.54B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$8.25B (24.5%)
China$2.07B (6.53%)
South Korea$979M (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Vietnam WERE (2021 - 2022):
Russia-$1.46B (-82.9%)
Hong Kong-$991M (-11.5%)
United Arab Emirates-$967M (-23.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12B
TOP IMPORT POTENTIALChina+ $13B

Electrical machinery and electronics’s highest export potential is China. With an export gap of $12B.   Electrical machinery and electronics’s highest import potential is China with an import gap of $13B.

See methodology.

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