2022
Exports
$186MWorld Rnk 43 / 129
Flag Rnk 225 / 1176
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$259MWorld Rnk 28 / 172
Flag Rnk 233 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $186M in Ferroalloys, making it the 43rd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 225th most exported product in Vietnam. The main destination of Ferroalloys exports from Vietnam are: Japan ($96.4M), South Korea ($18.7M), Chinese Taipei ($16.1M), Pakistan ($12.5M), and Netherlands ($11.9M).

The fastest growing export markets for Ferroalloys of Vietnam between 2021 and 2022 were Japan ($13.2M), Chinese Taipei ($6.63M), and Netherlands ($6.07M).

Imports In 2022, Vietnam imported $259M in Ferroalloys, becoming the 28th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 233rd most imported product in Vietnam. Vietnam imports Ferroalloys primarily from: China ($98.9M), Malaysia ($56.7M), India ($50.4M), South Korea ($16.2M), and Singapore ($6.92M).

The fastest growing import markets in Ferroalloys for Vietnam between 2021 and 2022 were South Korea ($6.36M), China ($6.11M), and Singapore ($5.49M).

COMPANIES In 2023, leading companies such as Home Depot (6), Hyosung (1), and Samsung (1) were at the forefront of shipping Ferroalloys 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 Ferroalloys. 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)$186M
IMPORTS (2022)$259M
NET TRADE (2022)-$73.2M

In 2022, Vietnam exported $186M in Ferroalloys. The main destinations of Vietnam exports on Ferroalloys were Japan ($96.4M), South Korea ($18.7M), Chinese Taipei ($16.1M), Pakistan ($12.5M), and Netherlands ($11.9M).

In 2022, Vietnam imported $259M in Ferroalloys, mainly from China ($98.9M), Malaysia ($56.7M), India ($50.4M), South Korea ($16.2M), and Singapore ($6.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$13.2M (15.8%)
Chinese Taipei$6.63M (69.8%)
Netherlands$6.07M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Vietnam WERE (2021 - 2022):
South Korea-$13.3M (-41.6%)
Indonesia-$8.32M (-73.9%)
India-$5.88M (-78.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.6M
TOP IMPORT POTENTIALChina+ $28.7M

Ferroalloys’s highest export potential is China. With an export gap of $26.6M.   Ferroalloys’s highest import potential is China with an import gap of $28.7M.

See methodology.

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