2023
Exports
$1.3BWorld Rnk 24 / 217
Flag Rnk 53 / 1173
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$669MWorld Rnk 37 / 226
Flag Rnk 83 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $1.3B in Medical Instruments, making it the 24th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 53rd most exported product in Vietnam. The main destination of Medical Instruments exports from Vietnam are: China ($347M), United States ($171M), Belgium ($135M), Germany ($119M), and Netherlands ($64.4M).

The fastest growing export markets for Medical Instruments of Vietnam between 2022 and 2023 were China ($144M), Belgium ($25.9M), and Saudi Arabia ($18M).

Imports In 2023, Vietnam imported $669M in Medical Instruments, becoming the 37th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 83rd most imported product in Vietnam. Vietnam imports Medical Instruments primarily from: Japan ($177M), China ($102M), Singapore ($92.9M), Germany ($75.9M), and United States ($75M).

The fastest growing import markets in Medical Instruments for Vietnam between 2022 and 2023 were Singapore ($87.8M), Japan ($84.5M), and United States ($11.4M).

COMPANIES In 2024, leading companies such as ZF Friedrichshafen (2) and Brother Industries (1) were at the forefront of shipping Medical Instruments from Vietnam to the United States.

Latest Trends

Dec 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 Medical Instruments. 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)$1.3B
IMPORTS (2023)$669M
NET TRADE (2023)$629M

In 2023, Vietnam exported $1.3B in Medical Instruments. The main destinations of Vietnam exports on Medical Instruments were China ($347M), United States ($171M), Belgium ($135M), Germany ($119M), and Netherlands ($64.4M).

In 2023, Vietnam imported $669M in Medical Instruments, mainly from Japan ($177M), China ($102M), Singapore ($92.9M), Germany ($75.9M), and United States ($75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$144M (70.9%)
Belgium$25.9M (23.8%)
Saudi Arabia$18M (99.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Vietnam WERE (2022 - 2023):
Japan-$201M (-100%)
South Korea-$78M (-100%)
Netherlands-$26.5M (-29.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Medical Instruments were:
In 2023, Vietnam's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $210M
TOP IMPORT POTENTIALChina+ $88.5M

Medical Instruments’s highest export potential is China. With an export gap of $210M.   Medical Instruments’s highest import potential is China with an import gap of $88.5M.

See methodology.

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