2022
Exports
$575MWorld Rnk 24 / 222
Flag Rnk 110 / 1176
2022
PRODUCT COMPLEXITY IN Other Iron Products
0.8Rnk 243 / 1025
2022
Imports
$1BWorld Rnk 22 / 225
Flag Rnk 70 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $575M in Other Iron Products, making it the 24th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 110th most exported product in Vietnam. The main destination of Other Iron Products exports from Vietnam are: Japan ($145M), United States ($142M), South Korea ($56.6M), Thailand ($36.7M), and Mexico ($22.7M).

The fastest growing export markets for Other Iron Products of Vietnam between 2021 and 2022 were United States ($44.6M), Thailand ($18.5M), and Japan ($18.3M).

Imports In 2022, Vietnam imported $1B in Other Iron Products, becoming the 22nd largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 70th most imported product in Vietnam. Vietnam imports Other Iron Products primarily from: China ($578M), South Korea ($180M), Thailand ($59.3M), Japan ($41.4M), and Chinese Taipei ($38.5M).

The fastest growing import markets in Other Iron Products for Vietnam between 2021 and 2022 were South Korea ($7.79M), Egypt ($4.74M), and Thailand ($2.74M).

COMPANIES In 2023, leading companies such as Woodstream (53), REI (Recreational Equipment Incorporated) (6), and At Home Procurement (6) were at the forefront of shipping Other Iron Products from Vietnam to the United States.

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 Other Iron Products. 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)$575M
IMPORTS (2022)$1B
NET TRADE (2022)-$430M

In 2022, Vietnam exported $575M in Other Iron Products. The main destinations of Vietnam exports on Other Iron Products were Japan ($145M), United States ($142M), South Korea ($56.6M), Thailand ($36.7M), and Mexico ($22.7M).

In 2022, Vietnam imported $1B in Other Iron Products, mainly from China ($578M), South Korea ($180M), Thailand ($59.3M), Japan ($41.4M), and Chinese Taipei ($38.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$44.6M (46%)
Thailand$18.5M (102%)
Japan$18.3M (14.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Vietnam WERE (2021 - 2022):
China-$22.5M (-74.5%)
Finland-$7.79M (-71.8%)
Russia-$3.12M (-97.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $55.1M
TOP IMPORT POTENTIALChina+ $190M

Other Iron Products’s highest export potential is United States. With an export gap of $55.1M.   Other Iron Products’s highest import potential is China with an import gap of $190M.

See methodology.

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