2022
Exports
$19.9MWorld Rnk 30 / 171
Flag Rnk 558 / 1176
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$44.6MWorld Rnk 21 / 220
Flag Rnk 574 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $19.9M in Iron Nails, making it the 30th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 558th most exported product in Vietnam. The main destination of Iron Nails exports from Vietnam are: United States ($13.5M), Burma ($1.34M), Poland ($1.23M), South Korea ($823k), and Japan ($539k).

The fastest growing export markets for Iron Nails of Vietnam between 2021 and 2022 were Burma ($1.34M), Poland ($1.17M), and Chile ($230k).

Imports In 2022, Vietnam imported $44.6M in Iron Nails, becoming the 21st largest importer of Iron Nails in the world. At the same year, Iron Nails was the 574th most imported product in Vietnam. Vietnam imports Iron Nails primarily from: China ($38M), Japan ($3.12M), Chinese Taipei ($1.42M), United States ($771k), and Poland ($433k).

The fastest growing import markets in Iron Nails for Vietnam between 2021 and 2022 were Chinese Taipei ($507k), Poland ($430k), and United States ($375k).

COMPANIES In 2023, leading companies such as Continental Materials (5), Hyosung (2), and Badcock Home Furniture (1) were at the forefront of shipping Iron Nails 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 Nails. 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)$19.9M
IMPORTS (2022)$44.6M
NET TRADE (2022)-$24.8M

In 2022, Vietnam exported $19.9M in Iron Nails. The main destinations of Vietnam exports on Iron Nails were United States ($13.5M), Burma ($1.34M), Poland ($1.23M), South Korea ($823k), and Japan ($539k).

In 2022, Vietnam imported $44.6M in Iron Nails, mainly from China ($38M), Japan ($3.12M), Chinese Taipei ($1.42M), United States ($771k), and Poland ($433k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Burma$1.34M (70.8k%)
Poland$1.17M (1.94k%)
Chile$230k (591%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Vietnam WERE (2021 - 2022):
United States-$5.21M (-27.9%)
Canada-$1.53M (-75.6%)
Thailand-$678k (-72.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.05M
TOP IMPORT POTENTIALChina+ $11M

Iron Nails’s highest export potential is United States. With an export gap of $3.05M.   Iron Nails’s highest import potential is China with an import gap of $11M.

See methodology.

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