2022
Exports
$745MWorld Rnk 14 / 224
Flag Rnk 88 / 1176
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$730MWorld Rnk 18 / 225
Flag Rnk 96 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $745M in Iron Fasteners, making it the 14th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 88th most exported product in Vietnam. The main destination of Iron Fasteners exports from Vietnam are: Germany ($141M), United States ($124M), Netherlands ($57M), Japan ($55.5M), and Canada ($39.6M).

The fastest growing export markets for Iron Fasteners of Vietnam between 2021 and 2022 were Germany ($48.4M), United States ($29.4M), and Netherlands ($24.4M).

Imports In 2022, Vietnam imported $730M in Iron Fasteners, becoming the 18th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 96th most imported product in Vietnam. Vietnam imports Iron Fasteners primarily from: China ($480M), South Korea ($70.3M), Japan ($52.3M), Chinese Taipei ($45.6M), and Thailand ($20.5M).

The fastest growing import markets in Iron Fasteners for Vietnam between 2021 and 2022 were China ($50.5M), South Korea ($6.3M), and Belgium ($2.23M).

COMPANIES In 2023, leading companies such as Stelfast (138), Hilti Power Tools (48), and Tredit Tire & Wheel (46) were at the forefront of shipping Iron Fasteners 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 Fasteners. 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)$745M
IMPORTS (2022)$730M
NET TRADE (2022)$14.5M

In 2022, Vietnam exported $745M in Iron Fasteners. The main destinations of Vietnam exports on Iron Fasteners were Germany ($141M), United States ($124M), Netherlands ($57M), Japan ($55.5M), and Canada ($39.6M).

In 2022, Vietnam imported $730M in Iron Fasteners, mainly from China ($480M), South Korea ($70.3M), Japan ($52.3M), Chinese Taipei ($45.6M), and Thailand ($20.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Germany$48.4M (52.1%)
United States$29.4M (31%)
Netherlands$24.4M (74.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Vietnam WERE (2021 - 2022):
Slovakia-$2.98M (-23.5%)
Denmark-$2.95M (-45%)
Cambodia-$2.9M (-60.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.5M
TOP IMPORT POTENTIALChina+ $119M

Iron Fasteners’s highest export potential is United States. With an export gap of $47.5M.   Iron Fasteners’s highest import potential is China with an import gap of $119M.

See methodology.

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