2022
Exports
$211MWorld Rnk 3 / 175
Flag Rnk 212 / 1176
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.32Rnk 439 / 1025
2022
Imports
$17.6MWorld Rnk 32 / 209
Flag Rnk 761 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $211M in Sound Recording Equipment, making it the 3rd largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 212th most exported product in Vietnam. The main destination of Sound Recording Equipment exports from Vietnam are: United States ($55.4M), United Kingdom ($29M), Germany ($23.5M), Slovakia ($22.3M), and France ($15.9M).

The fastest growing export markets for Sound Recording Equipment of Vietnam between 2021 and 2022 were United States ($54.6M), United Kingdom ($23.5M), and Slovakia ($22.3M).

Imports In 2022, Vietnam imported $17.6M in Sound Recording Equipment, becoming the 32nd largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 761st most imported product in Vietnam. Vietnam imports Sound Recording Equipment primarily from: China ($11.9M), Singapore ($1.34M), Japan ($1.2M), Germany ($735k), and United States ($630k).

The fastest growing import markets in Sound Recording Equipment for Vietnam between 2021 and 2022 were China ($9.51M), Japan ($1.06M), and Singapore ($991k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (51), Michael Kors (6), and Lovesac (3) were at the forefront of shipping Sound Recording Equipment from Vietnam to the United States.

Latest Trends

Oct 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 Sound Recording Equipment. 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)$211M
IMPORTS (2022)$17.6M
NET TRADE (2022)$194M

In 2022, Vietnam exported $211M in Sound Recording Equipment. The main destinations of Vietnam exports on Sound Recording Equipment were United States ($55.4M), United Kingdom ($29M), Germany ($23.5M), Slovakia ($22.3M), and France ($15.9M).

In 2022, Vietnam imported $17.6M in Sound Recording Equipment, mainly from China ($11.9M), Singapore ($1.34M), Japan ($1.2M), Germany ($735k), and United States ($630k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$54.6M (6.63k%)
United Kingdom$23.5M (429%)
Slovakia$22.3M (85.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Vietnam WERE (2021 - 2022):
Hong Kong-$4.18M (-91.1%)
Chinese Taipei-$87.7k (-6.21%)
Cambodia-$8.54k (-43.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Sound Recording Equipment were:
In 2022, Vietnam's main importing competitors in Sound Recording Equipment were:

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $5.99M
TOP IMPORT POTENTIALChina+ $7.71M

Sound Recording Equipment’s highest export potential is China. With an export gap of $5.99M.   Sound Recording Equipment’s highest import potential is China with an import gap of $7.71M.

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