2023
Exports
$6.83BWorld Rnk 5 / 223
Flag Rnk 11 / 1173
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$2.26BWorld Rnk 18 / 225
Flag Rnk 20 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $6.83B in Insulated Wire, making it the 5th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 11th most exported product in Vietnam. The main destination of Insulated Wire exports from Vietnam are: Japan ($2.51B), United States ($1.61B), China ($1.15B), Canada ($249M), and Mexico ($190M).

The fastest growing export markets for Insulated Wire of Vietnam between 2022 and 2023 were Japan ($279M), United States ($42.9M), and Canada ($39.7M).

Imports In 2023, Vietnam imported $2.26B in Insulated Wire, becoming the 18th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 20th most imported product in Vietnam. Vietnam imports Insulated Wire primarily from: China ($1.54B), Japan ($144M), Indonesia ($112M), Thailand ($104M), and Hong Kong ($99.3M).

The fastest growing import markets in Insulated Wire for Vietnam between 2022 and 2023 were Hong Kong ($97.4M), Singapore ($71.2M), and Indonesia ($16.8M).

COMPANIES In 2024, leading companies such as Cloud Network Technology (32), Samsung (11), and LG Electronics (3) were at the forefront of shipping Insulated Wire from Vietnam to the United States.

Latest Trends

Dec 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 Insulated Wire. 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 (2023)$6.83B
IMPORTS (2023)$2.26B
NET TRADE (2023)$4.58B

In 2023, Vietnam exported $6.83B in Insulated Wire. The main destinations of Vietnam exports on Insulated Wire were Japan ($2.51B), United States ($1.61B), China ($1.15B), Canada ($249M), and Mexico ($190M).

In 2023, Vietnam imported $2.26B in Insulated Wire, mainly from China ($1.54B), Japan ($144M), Indonesia ($112M), Thailand ($104M), and Hong Kong ($99.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Japan$279M (12.5%)
United States$42.9M (2.73%)
Canada$39.7M (19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Vietnam WERE (2022 - 2023):
South Korea-$659M (-100%)
China-$128M (-10%)
Hong Kong-$46.1M (-50%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Insulated Wire were:
In 2023, Vietnam's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $467M
TOP IMPORT POTENTIALChina+ $367M

Insulated Wire’s highest export potential is China. With an export gap of $467M.   Insulated Wire’s highest import potential is China with an import gap of $367M.

See methodology.

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