2022
Exports
$546MWorld Rnk 3 / 196
Flag Rnk 116 / 1176
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$264MWorld Rnk 8 / 222
Flag Rnk 230 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $546M in Stranded Iron Wire, making it the 3rd largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 116th most exported product in Vietnam. The main destination of Stranded Iron Wire exports from Vietnam are: United States ($251M), South Korea ($45M), Belgium ($28M), Japan ($24.7M), and India ($21M).

The fastest growing export markets for Stranded Iron Wire of Vietnam between 2021 and 2022 were United States ($58.9M), Mexico ($9.63M), and Finland ($6.52M).

Imports In 2022, Vietnam imported $264M in Stranded Iron Wire, becoming the 8th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 230th most imported product in Vietnam. Vietnam imports Stranded Iron Wire primarily from: China ($207M), Thailand ($24.7M), South Korea ($11.5M), Indonesia ($5.38M), and Malaysia ($4.81M).

The fastest growing import markets in Stranded Iron Wire for Vietnam between 2021 and 2022 were China ($36.6M), South Korea ($1.16M), and Slovakia ($872k).

COMPANIES In 2023, leading companies such as Hyosung (208) and Goodyear Tire and Rubber (2) were at the forefront of shipping Stranded Iron Wire 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 Stranded Iron Wire. 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)$546M
IMPORTS (2022)$264M
NET TRADE (2022)$282M

In 2022, Vietnam exported $546M in Stranded Iron Wire. The main destinations of Vietnam exports on Stranded Iron Wire were United States ($251M), South Korea ($45M), Belgium ($28M), Japan ($24.7M), and India ($21M).

In 2022, Vietnam imported $264M in Stranded Iron Wire, mainly from China ($207M), Thailand ($24.7M), South Korea ($11.5M), Indonesia ($5.38M), and Malaysia ($4.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$58.9M (30.7%)
Mexico$9.63M (189%)
Finland$6.52M (117%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Vietnam WERE (2021 - 2022):
Luxembourg-$35.2M (-97.3%)
South Korea-$5.28M (-10.5%)
China-$3.69M (-25%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Stranded Iron Wire were:
In 2022, Vietnam's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.3M
TOP IMPORT POTENTIALChina+ $24.1M

Stranded Iron Wire’s highest export potential is China. With an export gap of $16.3M.   Stranded Iron Wire’s highest import potential is China with an import gap of $24.1M.

See methodology.

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