2022
Exports
$186MWorld Rnk 34 / 209
Flag Rnk 226 / 1176
2022
PRODUCT COMPLEXITY IN Other Heating Machinery
1.15Rnk 116 / 1025
2022
Imports
$476MWorld Rnk 29 / 225
Flag Rnk 142 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $186M in Other Heating Machinery, making it the 34th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 226th most exported product in Vietnam. The main destination of Other Heating Machinery exports from Vietnam are: Malaysia ($49.3M), Japan ($31.8M), South Korea ($26.8M), Spain ($17.4M), and Poland ($15.8M).

The fastest growing export markets for Other Heating Machinery of Vietnam between 2021 and 2022 were Malaysia ($48.3M), South Korea ($21.8M), and Spain ($15.7M).

Imports In 2022, Vietnam imported $476M in Other Heating Machinery, becoming the 29th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 142nd most imported product in Vietnam. Vietnam imports Other Heating Machinery primarily from: China ($245M), South Korea ($63.4M), Germany ($31.6M), Japan ($28.4M), and Italy ($15.4M).

The fastest growing import markets in Other Heating Machinery for Vietnam between 2021 and 2022 were South Korea ($7.39M), China ($3.47M), and Thailand ($2.78M).

COMPANIES In 2023, leading companies such as Home Depot (21), Medical Depot (18), and Walgreens (7) were at the forefront of shipping Other Heating Machinery from Vietnam to the United States.

Latest Trends

Aug 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 Other Heating Machinery. 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)$186M
IMPORTS (2022)$476M
NET TRADE (2022)-$291M

In 2022, Vietnam exported $186M in Other Heating Machinery. The main destinations of Vietnam exports on Other Heating Machinery were Malaysia ($49.3M), Japan ($31.8M), South Korea ($26.8M), Spain ($17.4M), and Poland ($15.8M).

In 2022, Vietnam imported $476M in Other Heating Machinery, mainly from China ($245M), South Korea ($63.4M), Germany ($31.6M), Japan ($28.4M), and Italy ($15.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Malaysia$48.3M (4.67k%)
South Korea$21.8M (438%)
Spain$15.7M (939%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Vietnam WERE (2021 - 2022):
Russia-$4.54M (-100%)
Thailand-$4.19M (-83.7%)
Pakistan-$2.88M (-97.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Other Heating Machinery were:
In 2022, Vietnam's main importing competitors in Other Heating Machinery were:

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.8M
TOP IMPORT POTENTIALChina+ $88.1M

Other Heating Machinery’s highest export potential is United States. With an export gap of $12.8M.   Other Heating Machinery’s highest import potential is China with an import gap of $88.1M.

See methodology.

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