2022
Exports
$29.1MWorld Rnk 30 / 188
Flag Rnk 487 / 1176
2022
PRODUCT COMPLEXITY IN Iron Chains
1.44Rnk 65 / 1025
2022
Imports
$107MWorld Rnk 19 / 222
Flag Rnk 403 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $29.1M in Iron Chains, making it the 30th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 487th most exported product in Vietnam. The main destination of Iron Chains exports from Vietnam are: United Kingdom ($4.31M), South Korea ($2.67M), Italy ($2.52M), United States ($2.4M), and Cambodia ($2.38M).

The fastest growing export markets for Iron Chains of Vietnam between 2021 and 2022 were United Kingdom ($2.64M), United States ($1.69M), and South Korea ($1.34M).

Imports In 2022, Vietnam imported $107M in Iron Chains, becoming the 19th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 403rd most imported product in Vietnam. Vietnam imports Iron Chains primarily from: China ($71M), Thailand ($11.3M), Malaysia ($6.08M), Chinese Taipei ($4.25M), and Japan ($3.88M).

The fastest growing import markets in Iron Chains for Vietnam between 2021 and 2022 were Thailand ($2.25M), Chinese Taipei ($1.06M), and India ($473k).

COMPANIES In 2023, leading companies such as Coaster Fine Furniture (4), REI (Recreational Equipment Incorporated) (1), and Michael Kors (1) were at the forefront of shipping Iron Chains 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 Iron Chains. 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)$29.1M
IMPORTS (2022)$107M
NET TRADE (2022)-$77.8M

In 2022, Vietnam exported $29.1M in Iron Chains. The main destinations of Vietnam exports on Iron Chains were United Kingdom ($4.31M), South Korea ($2.67M), Italy ($2.52M), United States ($2.4M), and Cambodia ($2.38M).

In 2022, Vietnam imported $107M in Iron Chains, mainly from China ($71M), Thailand ($11.3M), Malaysia ($6.08M), Chinese Taipei ($4.25M), and Japan ($3.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United Kingdom$2.64M (157%)
United States$1.69M (239%)
South Korea$1.34M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Vietnam WERE (2021 - 2022):
Indonesia-$1M (-51.8%)
Turkey-$869k (-68.8%)
Chinese Taipei-$760k (-27.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Iron Chains were:
China $2.52B
Japan $503M
In 2022, Vietnam's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.63M
TOP IMPORT POTENTIALChina+ $19.1M

Iron Chains’s highest export potential is United States. With an export gap of $2.63M.   Iron Chains’s highest import potential is China with an import gap of $19.1M.

See methodology.

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