2022
Exports
$21.4MWorld Rnk 34 / 207
Flag Rnk 543 / 1176
2022
PRODUCT COMPLEXITY IN Iron Springs
0.94Rnk 195 / 1025
2022
Imports
$106MWorld Rnk 20 / 218
Flag Rnk 408 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $21.4M in Iron Springs, making it the 34th largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 543rd most exported product in Vietnam. The main destination of Iron Springs exports from Vietnam are: Australia ($5.76M), South Korea ($2.09M), Thailand ($1.92M), Malaysia ($1.6M), and Cambodia ($1.45M).

The fastest growing export markets for Iron Springs of Vietnam between 2021 and 2022 were South Korea ($802k), Poland ($710k), and Norway ($594k).

Imports In 2022, Vietnam imported $106M in Iron Springs, becoming the 20th largest importer of Iron Springs in the world. At the same year, Iron Springs was the 408th most imported product in Vietnam. Vietnam imports Iron Springs primarily from: China ($62M), South Korea ($13.6M), Thailand ($12.6M), Japan ($8.7M), and Chinese Taipei ($2.69M).

The fastest growing import markets in Iron Springs for Vietnam between 2021 and 2022 were Indonesia ($205k), Malaysia ($153k), and Netherlands ($107k).

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 Springs. 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)$21.4M
IMPORTS (2022)$106M
NET TRADE (2022)-$85M

In 2022, Vietnam exported $21.4M in Iron Springs. The main destinations of Vietnam exports on Iron Springs were Australia ($5.76M), South Korea ($2.09M), Thailand ($1.92M), Malaysia ($1.6M), and Cambodia ($1.45M).

In 2022, Vietnam imported $106M in Iron Springs, mainly from China ($62M), South Korea ($13.6M), Thailand ($12.6M), Japan ($8.7M), and Chinese Taipei ($2.69M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Springs EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$802k (62.3%)
Poland$710k (1.76k%)
Norway$594k (270%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Springs BY Vietnam WERE (2021 - 2022):
Cambodia-$1.27M (-46.7%)
United States-$635k (-35.5%)
China-$443k (-64.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Springs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.93M
TOP IMPORT POTENTIALChina+ $8.91M

Iron Springs’s highest export potential is United States. With an export gap of $1.93M.   Iron Springs’s highest import potential is China with an import gap of $8.91M.

See methodology.

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