2022
Exports
$5.05BWorld Rnk 25 / 226
Flag Rnk 14 / 21
2022
PRODUCT COMPLEXITY IN Instruments
2.12Rnk 3 / 1025
2022
Imports
$7.46BWorld Rnk 22 / 226
Flag Rnk 10 / 21
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $5.05B in Instruments, making it the 25th largest exporter of Instruments in the world. At the same year, Instruments was the 14th most exported product in Vietnam. The main destination of Instruments exports from Vietnam are: United States ($1.22B), China ($512M), South Korea ($466M), Japan ($460M), and Germany ($243M).

The fastest growing export markets for Instruments of Vietnam between 2021 and 2022 were United States ($127M), Hong Kong ($41.7M), and Philippines ($39.4M).

Imports In 2022, Vietnam imported $7.46B in Instruments, becoming the 22nd largest importer of Instruments in the world. At the same year, Instruments was the 10th most imported product in Vietnam. Vietnam imports Instruments primarily from: China ($2.27B), South Korea ($1.52B), Japan ($790M), Chinese Taipei ($643M), and Malaysia ($353M).

The fastest growing import markets in Instruments for Vietnam between 2021 and 2022 were Japan ($87.8M), Malaysia ($86.1M), and Thailand ($19M).

COMPANIES In 2023, leading companies such as LG Electronics (752), Stanley Black & Decker (91), and Home Depot (89) were at the forefront of shipping Instruments 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 Instruments. 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)$5.05B
IMPORTS (2022)$7.46B
NET TRADE (2022)-$2.41B

In 2022, Vietnam exported $5.05B in Instruments. The main destinations of Vietnam exports on Instruments were United States ($1.22B), China ($512M), South Korea ($466M), Japan ($460M), and Germany ($243M).

In 2022, Vietnam imported $7.46B in Instruments, mainly from China ($2.27B), South Korea ($1.52B), Japan ($790M), Chinese Taipei ($643M), and Malaysia ($353M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$127M (11.6%)
Hong Kong$41.7M (34%)
Philippines$39.4M (76.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Vietnam WERE (2021 - 2022):
Mexico-$399M (-64.1%)
China-$211M (-29.1%)
Thailand-$44.6M (-20.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $553M
TOP IMPORT POTENTIALChina+ $780M

Instruments’s highest export potential is China. With an export gap of $553M.   Instruments’s highest import potential is China with an import gap of $780M.

See methodology.

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