2023
Exports
$759MWorld Rnk 26 / 219
Flag Rnk 83 / 1173
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$2.85BWorld Rnk 16 / 226
Flag Rnk 12 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $759M in Machinery Having Individual Functions, making it the 26th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 83rd most exported product in Vietnam. The main destination of Machinery Having Individual Functions exports from Vietnam are: United States ($184M), China ($165M), Japan ($141M), Chinese Taipei ($48.5M), and Singapore ($39.7M).

The fastest growing export markets for Machinery Having Individual Functions of Vietnam between 2022 and 2023 were Armenia ($20M), Singapore ($10.3M), and Germany ($5.8M).

Imports In 2023, Vietnam imported $2.85B in Machinery Having Individual Functions, becoming the 16th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 12th most imported product in Vietnam. Vietnam imports Machinery Having Individual Functions primarily from: China ($2.02B), Japan ($278M), Germany ($105M), Singapore ($83.7M), and Chinese Taipei ($61.6M).

The fastest growing import markets in Machinery Having Individual Functions for Vietnam between 2022 and 2023 were China ($858M), Singapore ($42.1M), and Germany ($42M).

Latest Trends

Jan 2025

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 Machinery Having Individual Functions. 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 (2023)$759M
IMPORTS (2023)$2.85B
NET TRADE (2023)-$2.09B

In 2023, Vietnam exported $759M in Machinery Having Individual Functions. The main destinations of Vietnam exports on Machinery Having Individual Functions were United States ($184M), China ($165M), Japan ($141M), Chinese Taipei ($48.5M), and Singapore ($39.7M).

In 2023, Vietnam imported $2.85B in Machinery Having Individual Functions, mainly from China ($2.02B), Japan ($278M), Germany ($105M), Singapore ($83.7M), and Chinese Taipei ($61.6M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Armenia$20M (622%)
Singapore$10.3M (34.8%)
Germany$5.8M (47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Vietnam WERE (2022 - 2023):
South Korea-$94.7M (-100%)
China-$26M (-13.6%)
Chinese Taipei-$20.5M (-29.7%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Vietnam's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $121M
TOP IMPORT POTENTIALChina+ $225M

Machinery Having Individual Functions’s highest export potential is China. With an export gap of $121M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $225M.

See methodology.

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