Exports In 2022, Vietnam exported $41.7M in Forging Machines, making it the 26th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 430th most exported product in Vietnam. The main destination of Forging Machines exports from Vietnam are: Thailand ($13.5M), United States ($5.62M), Indonesia ($4.78M), Burma ($2.76M), and India ($1.54M).
The fastest growing export markets for Forging Machines of Vietnam between 2021 and 2022 were United States ($2.93M), Thailand ($2.09M), and Burma ($1.73M).
Imports In 2022, Vietnam imported $372M in Forging Machines, becoming the 5th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 172nd most imported product in Vietnam. Vietnam imports Forging Machines primarily from: China ($236M), South Korea ($47.4M), Japan ($29M), Chinese Taipei ($28.8M), and India ($7.33M).
The fastest growing import markets in Forging Machines for Vietnam between 2021 and 2022 were China ($119M), South Korea ($7.41M), and India ($6.9M).
COMPANIES In 2023, leading companies such as CITY Furniture (61), IKEA Group (36), and Sailun Tire (2) were at the forefront of shipping Forging Machines from Vietnam to the United States.