2022
Exports
$6.98MWorld Rnk 21 / 119
Flag Rnk 700 / 1176
2022
PRODUCT COMPLEXITY IN Textile Fiber Machinery
1.53Rnk 47 / 1025
2022
Imports
$261MWorld Rnk 6 / 178
Flag Rnk 232 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.98M in Textile Fiber Machinery, making it the 21st largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 700th most exported product in Vietnam. The main destination of Textile Fiber Machinery exports from Vietnam are: Bangladesh ($1.34M), China ($1.23M), India ($1.02M), Mexico ($505k), and Indonesia ($486k).

The fastest growing export markets for Textile Fiber Machinery of Vietnam between 2021 and 2022 were China ($606k), Mexico ($385k), and Bangladesh ($382k).

Imports In 2022, Vietnam imported $261M in Textile Fiber Machinery, becoming the 6th largest importer of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 232nd most imported product in Vietnam. Vietnam imports Textile Fiber Machinery primarily from: China ($149M), India ($34M), Italy ($26.7M), Japan ($12.8M), and Germany ($12.4M).

The fastest growing import markets in Textile Fiber Machinery for Vietnam between 2021 and 2022 were China ($64.5M), India ($29.6M), and Italy ($19.8M).

COMPANIES In 2023, leading companies such as GAP (CANADA) INC (16) and BANANA REPUBLIC LLC (2) were at the forefront of shipping Textile Fiber Machinery from Vietnam to the United States.

Latest Trends

Mar 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 Textile Fiber Machinery. 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)$6.98M
IMPORTS (2022)$261M
NET TRADE (2022)-$254M

In 2022, Vietnam exported $6.98M in Textile Fiber Machinery. The main destinations of Vietnam exports on Textile Fiber Machinery were Bangladesh ($1.34M), China ($1.23M), India ($1.02M), Mexico ($505k), and Indonesia ($486k).

In 2022, Vietnam imported $261M in Textile Fiber Machinery, mainly from China ($149M), India ($34M), Italy ($26.7M), Japan ($12.8M), and Germany ($12.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$606k (97%)
Mexico$385k (321%)
Bangladesh$382k (40%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY Vietnam WERE (2021 - 2022):
India-$2.09M (-67.3%)
South Africa-$1.72M (-100%)
Egypt-$707k (-72.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Textile Fiber Machinery were:
China $1.08B
Japan $807M
In 2022, Vietnam's main importing competitors in Textile Fiber Machinery were:
China $687M
India $547M

Explore Visualizations

Trade Value of Textile Fiber Machinery by Exporters

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