2022
Exports
$27MWorld Rnk 39 / 187
Flag Rnk 504 / 1176
2022
PRODUCT COMPLEXITY IN Industrial Food Preperation Machinery
0.74Rnk 263 / 1025
2022
Imports
$160MWorld Rnk 27 / 221
Flag Rnk 322 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $27M in Industrial Food Preperation Machinery, making it the 39th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 504th most exported product in Vietnam. The main destination of Industrial Food Preperation Machinery exports from Vietnam are: India ($7.86M), Cote d'Ivoire ($3.38M), Nigeria ($2.95M), Netherlands ($1.79M), and Russia ($1.76M).

The fastest growing export markets for Industrial Food Preperation Machinery of Vietnam between 2021 and 2022 were India ($3.92M), Nigeria ($2.77M), and Russia ($1.75M).

Imports In 2022, Vietnam imported $160M in Industrial Food Preperation Machinery, becoming the 27th largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 322nd most imported product in Vietnam. Vietnam imports Industrial Food Preperation Machinery primarily from: China ($74.3M), Germany ($11M), Italy ($9.25M), South Korea ($8.74M), and United States ($7.91M).

The fastest growing import markets in Industrial Food Preperation Machinery for Vietnam between 2021 and 2022 were China ($11.6M), Italy ($4.08M), and Switzerland ($2.53M).

COMPANIES In 2023, leading companies such as Home Depot (3) were at the forefront of shipping Industrial Food Preperation Machinery from Vietnam to the United States.

Latest Trends

Jul 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 Industrial Food Preperation Machinery. 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)$27M
IMPORTS (2022)$160M
NET TRADE (2022)-$133M

In 2022, Vietnam exported $27M in Industrial Food Preperation Machinery. The main destinations of Vietnam exports on Industrial Food Preperation Machinery were India ($7.86M), Cote d'Ivoire ($3.38M), Nigeria ($2.95M), Netherlands ($1.79M), and Russia ($1.76M).

In 2022, Vietnam imported $160M in Industrial Food Preperation Machinery, mainly from China ($74.3M), Germany ($11M), Italy ($9.25M), South Korea ($8.74M), and United States ($7.91M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Food Preperation Machinery EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$3.92M (99.3%)
Nigeria$2.77M (1.52k%)
Russia$1.75M (18.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Food Preperation Machinery BY Vietnam WERE (2021 - 2022):
Thailand-$875k (-67.3%)
Mozambique-$557k (-80.6%)
China-$400k (-91.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Industrial Food Preperation Machinery were:
In 2022, Vietnam's main importing competitors in Industrial Food Preperation Machinery were:

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Trade Value of Industrial Food Preperation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.51M
TOP IMPORT POTENTIALChina+ $16.6M

Industrial Food Preperation Machinery’s highest export potential is India. With an export gap of $1.51M.   Industrial Food Preperation Machinery’s highest import potential is China with an import gap of $16.6M.

See methodology.

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