2022
Exports
$401MWorld Rnk 26 / 213
Flag Rnk 149 / 1176
2022
PRODUCT COMPLEXITY IN Refrigerators
0.56Rnk 339 / 1025
2022
Imports
$695MWorld Rnk 20 / 224
Flag Rnk 101 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $401M in Refrigerators, making it the 26th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 149th most exported product in Vietnam. The main destination of Refrigerators exports from Vietnam are: United States ($64.1M), Philippines ($57.9M), South Korea ($37.8M), Malaysia ($20.1M), and United Arab Emirates ($18.4M).

The fastest growing export markets for Refrigerators of Vietnam between 2021 and 2022 were Philippines ($22.7M), United States ($8.49M), and United Arab Emirates ($7.62M).

Imports In 2022, Vietnam imported $695M in Refrigerators, becoming the 20th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 101st most imported product in Vietnam. Vietnam imports Refrigerators primarily from: China ($350M), Thailand ($208M), Indonesia ($44.2M), South Korea ($22.4M), and Japan ($13M).

The fastest growing import markets in Refrigerators for Vietnam between 2021 and 2022 were China ($64.1M), Thailand ($40.4M), and Indonesia ($7.09M).

COMPANIES In 2023, leading companies such as Samsung (189), LG Electronics (107), and Ashley Furniture (11) were at the forefront of shipping Refrigerators 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 Refrigerators. 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)$401M
IMPORTS (2022)$695M
NET TRADE (2022)-$295M

In 2022, Vietnam exported $401M in Refrigerators. The main destinations of Vietnam exports on Refrigerators were United States ($64.1M), Philippines ($57.9M), South Korea ($37.8M), Malaysia ($20.1M), and United Arab Emirates ($18.4M).

In 2022, Vietnam imported $695M in Refrigerators, mainly from China ($350M), Thailand ($208M), Indonesia ($44.2M), South Korea ($22.4M), and Japan ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Philippines$22.7M (64.3%)
United States$8.49M (15.3%)
United Arab Emirates$7.62M (70.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY Vietnam WERE (2021 - 2022):
Sweden-$30.5M (-75.9%)
United Kingdom-$6.77M (-72.7%)
Norway-$6.4M (-60.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, Vietnam's main importing competitors in Refrigerators were:

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $45.5M
TOP IMPORT POTENTIALChina+ $158M

Refrigerators’s highest export potential is United States. With an export gap of $45.5M.   Refrigerators’s highest import potential is China with an import gap of $158M.

See methodology.

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