2022
Exports
$7.56MWorld Rnk 32 / 122
Flag Rnk 692 / 1176
2022
PRODUCT COMPLEXITY IN Steam Turbines
0.39Rnk 412 / 1025
2022
Imports
$114MWorld Rnk 11 / 191
Flag Rnk 384 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $7.56M in Steam Turbines, making it the 32nd largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 692nd most exported product in Vietnam. The main destination of Steam Turbines exports from Vietnam are: India ($3.33M), Bolivia ($1.61M), Indonesia ($915k), Malaysia ($786k), and Japan ($729k).

The fastest growing export markets for Steam Turbines of Vietnam between 2021 and 2022 were India ($3.33M), Bolivia ($1.61M), and Malaysia ($786k).

Imports In 2022, Vietnam imported $114M in Steam Turbines, becoming the 11th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 384th most imported product in Vietnam. Vietnam imports Steam Turbines primarily from: Japan ($91.2M), China ($10.6M), Germany ($5.83M), India ($2.33M), and United States ($1.38M).

The fastest growing import markets in Steam Turbines for Vietnam between 2021 and 2022 were Japan ($74.2M), Germany ($5.41M), and United States ($519k).

COMPANIES In 2023, leading companies such as LG Electronics (20), IKEA Group (1), and Michael Kors (1) were at the forefront of shipping Steam Turbines 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 Steam Turbines. 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)$7.56M
IMPORTS (2022)$114M
NET TRADE (2022)-$106M

In 2022, Vietnam exported $7.56M in Steam Turbines. The main destinations of Vietnam exports on Steam Turbines were India ($3.33M), Bolivia ($1.61M), Indonesia ($915k), Malaysia ($786k), and Japan ($729k).

In 2022, Vietnam imported $114M in Steam Turbines, mainly from Japan ($91.2M), China ($10.6M), Germany ($5.83M), India ($2.33M), and United States ($1.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$3.33M (1%)
Bolivia$1.61M (1%)
Malaysia$786k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Vietnam WERE (2021 - 2022):
Indonesia-$840k (-47.9%)
Saudi Arabia-$65k (-100%)
Philippines-$17k (-10.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Steam Turbines were:
In 2022, Vietnam's main importing competitors in Steam Turbines were:

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $630k
TOP IMPORT POTENTIALChina+ $6.79M

Steam Turbines’s highest export potential is Indonesia. With an export gap of $630k.   Steam Turbines’s highest import potential is China with an import gap of $6.79M.

See methodology.

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