2022
Exports
$11.1MWorld Rnk 37 / 158
Flag Rnk 640 / 1176
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$125MWorld Rnk 12 / 213
Flag Rnk 369 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $11.1M in Industrial Furnaces, making it the 37th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 640th most exported product in Vietnam. The main destination of Industrial Furnaces exports from Vietnam are: United States ($5.77M), Thailand ($1.5M), Indonesia ($935k), Egypt ($714k), and Brazil ($585k).

The fastest growing export markets for Industrial Furnaces of Vietnam between 2021 and 2022 were United States ($5.6M), Egypt ($714k), and Brazil ($221k).

Imports In 2022, Vietnam imported $125M in Industrial Furnaces, becoming the 12th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 369th most imported product in Vietnam. Vietnam imports Industrial Furnaces primarily from: China ($92.7M), South Korea ($6.63M), Germany ($5.97M), Chinese Taipei ($4.65M), and Japan ($2.67M).

The fastest growing import markets in Industrial Furnaces for Vietnam between 2021 and 2022 were China ($13.8M), Germany ($3.42M), and South Korea ($2.75M).

Latest Trends

Aug 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 Furnaces. 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)$11.1M
IMPORTS (2022)$125M
NET TRADE (2022)-$114M

In 2022, Vietnam exported $11.1M in Industrial Furnaces. The main destinations of Vietnam exports on Industrial Furnaces were United States ($5.77M), Thailand ($1.5M), Indonesia ($935k), Egypt ($714k), and Brazil ($585k).

In 2022, Vietnam imported $125M in Industrial Furnaces, mainly from China ($92.7M), South Korea ($6.63M), Germany ($5.97M), Chinese Taipei ($4.65M), and Japan ($2.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$5.6M (3.35k%)
Egypt$714k (1%)
Brazil$221k (60.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Vietnam WERE (2021 - 2022):
Thailand-$21M (-93.3%)
Indonesia-$1.45M (-60.9%)
Japan-$1.04M (-64.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Vietnam's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $967k
TOP IMPORT POTENTIALChina+ $11.3M

Industrial Furnaces’s highest export potential is United States. With an export gap of $967k.   Industrial Furnaces’s highest import potential is China with an import gap of $11.3M.

See methodology.

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