2023
Exports
$1.27BWorld Rnk 4 / 217
Flag Rnk 54 / 1173
2023
PRODUCT COMPLEXITY IN Sports Equipment
0.55Rnk 343 / 1025
2023
Imports
$354MWorld Rnk 21 / 225
Flag Rnk 159 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $1.27B in Sports Equipment, making it the 4th largest exporter of Sports Equipment in the world. At the same year, Sports Equipment was the 54th most exported product in Vietnam. The main destination of Sports Equipment exports from Vietnam are: United States ($636M), Mexico ($146M), Japan ($103M), Canada ($69.9M), and United Kingdom ($59.9M).

The fastest growing export markets for Sports Equipment of Vietnam between 2022 and 2023 were Mexico ($81.9M), Canada ($8.01M), and Spain ($3.17M).

Imports In 2023, Vietnam imported $354M in Sports Equipment, becoming the 21st largest importer of Sports Equipment in the world. At the same year, Sports Equipment was the 159th most imported product in Vietnam. Vietnam imports Sports Equipment primarily from: China ($287M), Chinese Taipei ($12.1M), Japan ($11.6M), Singapore ($10.9M), and Hong Kong ($9.88M).

The fastest growing import markets in Sports Equipment for Vietnam between 2022 and 2023 were China ($126M), Singapore ($7.87M), and Chinese Taipei ($2.98M).

COMPANIES In 2024, leading companies such as Callaway Golf (165), Nike (47), and Adidas (17) were at the forefront of shipping Sports Equipment 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 Sports 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 (2023)$1.27B
IMPORTS (2023)$354M
NET TRADE (2023)$912M

In 2023, Vietnam exported $1.27B in Sports Equipment. The main destinations of Vietnam exports on Sports Equipment were United States ($636M), Mexico ($146M), Japan ($103M), Canada ($69.9M), and United Kingdom ($59.9M).

In 2023, Vietnam imported $354M in Sports Equipment, mainly from China ($287M), Chinese Taipei ($12.1M), Japan ($11.6M), Singapore ($10.9M), and Hong Kong ($9.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sports Equipment EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Mexico$81.9M (127%)
Canada$8.01M (12.9%)
Spain$3.17M (68.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sports Equipment BY Vietnam WERE (2022 - 2023):
Japan-$33.8M (-24.8%)
South Korea-$33.2M (-100%)
Germany-$22.1M (-52.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Sports Equipment were:
In 2023, Vietnam's main importing competitors in Sports Equipment were:

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Trade Value of Sports Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $51.3M
TOP IMPORT POTENTIALChina+ $123M

Sports Equipment’s highest export potential is China. With an export gap of $51.3M.   Sports Equipment’s highest import potential is China with an import gap of $123M.

See methodology.

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