2022
Exports
$1.81MWorld Rnk 20 / 161
Flag Rnk 860 / 1176
2022
Imports
$7.01MWorld Rnk 11 / 207
Flag Rnk 899 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

The fastest growing export markets for Iron Sewing Needles of Vietnam between 2021 and 2022 were Japan ($197k), Cambodia ($104k), and Singapore ($49.5k).

Imports In 2022, Vietnam imported $7.01M in Iron Sewing Needles, becoming the 11th largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 899th most imported product in Vietnam. Vietnam imports Iron Sewing Needles primarily from: China ($2.87M), South Korea ($1.89M), Burma ($817k), Japan ($764k), and Chinese Taipei ($232k).

The fastest growing import markets in Iron Sewing Needles for Vietnam between 2021 and 2022 were China ($1.1M), South Korea ($687k), and United States ($41.2k).

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 Sewing Needles. 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)$1.81M
IMPORTS (2022)$7.01M
NET TRADE (2022)-$5.2M

In 2022, Vietnam imported $7.01M in Iron Sewing Needles, mainly from China ($2.87M), South Korea ($1.89M), Burma ($817k), Japan ($764k), and Chinese Taipei ($232k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$197k (75.5%)
Cambodia$104k (46%)
Singapore$49.5k (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY Vietnam WERE (2021 - 2022):
United States-$89.2k (-72.4%)
Burma-$46.2k (-91.8%)
Saudi Arabia-$41.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $143k
TOP IMPORT POTENTIALChina+ $1.28M

Iron Sewing Needles’s highest export potential is India. With an export gap of $143k.   Iron Sewing Needles’s highest import potential is China with an import gap of $1.28M.

See methodology.

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