2023
Exports
$89.9MWorld Rnk 42 / 212
Flag Rnk 298 / 1173
2023
PRODUCT COMPLEXITY IN Other Heating Machinery
1.3Rnk 78 / 1025
2023
Imports
$367MWorld Rnk 33 / 225
Flag Rnk 154 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $89.9M in Other Heating Machinery, making it the 42nd largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 298th most exported product in Vietnam. The main destination of Other Heating Machinery exports from Vietnam are: Spain ($19.2M), China ($16.2M), Japan ($15.4M), Australia ($7.27M), and Indonesia ($6.62M).

The fastest growing export markets for Other Heating Machinery of Vietnam between 2022 and 2023 were China ($7.91M), Indonesia ($4.45M), and Chinese Taipei ($2.54M).

Imports In 2023, Vietnam imported $367M in Other Heating Machinery, becoming the 33rd largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 154th most imported product in Vietnam. Vietnam imports Other Heating Machinery primarily from: China ($236M), Japan ($26.8M), Germany ($18.9M), Netherlands ($11.7M), and Malaysia ($10.1M).

The fastest growing import markets in Other Heating Machinery for Vietnam between 2022 and 2023 were Netherlands ($5.43M), Malaysia ($3.47M), and China ($2.86M).

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 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 (2023)$89.9M
IMPORTS (2023)$367M
NET TRADE (2023)-$277M

In 2023, Vietnam exported $89.9M in Other Heating Machinery. The main destinations of Vietnam exports on Other Heating Machinery were Spain ($19.2M), China ($16.2M), Japan ($15.4M), Australia ($7.27M), and Indonesia ($6.62M).

In 2023, Vietnam imported $367M in Other Heating Machinery, mainly from China ($236M), Japan ($26.8M), Germany ($18.9M), Netherlands ($11.7M), and Malaysia ($10.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$7.91M (95.3%)
Indonesia$4.45M (205%)
Chinese Taipei$2.54M (539%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Vietnam WERE (2022 - 2023):
Japan-$52.3M (-77.2%)
Malaysia-$29.8M (-96.7%)
Poland-$15.7M (-99.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Other Heating Machinery were:
China $8.69B
Germany $5.96B
Italy $4.77B
In 2023, 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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