2023
Exports
$18.7MWorld Rnk 54 / 199
Flag Rnk 88 / 96
2023
PRODUCT COMPLEXITY IN Railway and trams
1.49Rnk 47 / 1025
2023
Imports
$27.7MWorld Rnk 81 / 216
Flag Rnk 91 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $18.7M in Railway and trams, making it the 54th largest exporter of Railway and trams in the world. At the same year, Railway and trams was the 88th most exported product in Vietnam. The main destination of Railway and trams exports from Vietnam are: United States ($6.8M), India ($5.79M), Germany ($1.45M), Canada ($928k), and Singapore ($807k).

The fastest growing export markets for Railway and trams of Vietnam between 2022 and 2023 were India ($1.24M), Germany ($1.2M), and Canada ($386k).

Imports In 2023, Vietnam imported $27.7M in Railway and trams, becoming the 81st largest importer of Railway and trams in the world. At the same year, Railway and trams was the 91st most imported product in Vietnam. Vietnam imports Railway and trams primarily from: China ($21.3M), United States ($2.19M), India ($764k), France ($549k), and Japan ($543k).

The fastest growing import markets in Railway and trams for Vietnam between 2022 and 2023 were United States ($1.47M), France ($310k), and Hong Kong ($225k).

COMPANIES In 2024, leading companies such as Nike (12), Arhaus (8), and Sailun Tire (5) were at the forefront of shipping Railway and trams 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 Railway and trams. 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)$18.7M
IMPORTS (2023)$27.7M
NET TRADE (2023)-$9.01M

In 2023, Vietnam exported $18.7M in Railway and trams. The main destinations of Vietnam exports on Railway and trams were United States ($6.8M), India ($5.79M), Germany ($1.45M), Canada ($928k), and Singapore ($807k).

In 2023, Vietnam imported $27.7M in Railway and trams, mainly from China ($21.3M), United States ($2.19M), India ($764k), France ($549k), and Japan ($543k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway and trams EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
India$1.24M (27.3%)
Germany$1.2M (479%)
Canada$386k (71.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway and trams BY Vietnam WERE (2022 - 2023):
United States-$6.92M (-50.4%)
South Korea-$2.26M (-100%)
Singapore-$1.82M (-69.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Railway and trams were:
In 2023, Vietnam's main importing competitors in Railway and trams were:

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Trade Value of Railway and trams by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.5M
TOP IMPORT POTENTIALChina+ $19.1M

Railway and trams’s highest export potential is United States. With an export gap of $2.5M.   Railway and trams’s highest import potential is China with an import gap of $19.1M.

See methodology.

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