2023
Exports
$42.5MWorld Rnk 32 / 192
Flag Rnk 393 / 1173
2023
PRODUCT COMPLEXITY IN Therapeutic Appliances
0.45Rnk 385 / 1025
2023
Imports
$192MWorld Rnk 19 / 220
Flag Rnk 254 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $42.5M in Therapeutic Appliances, making it the 32nd largest exporter of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 393rd most exported product in Vietnam. The main destination of Therapeutic Appliances exports from Vietnam are: United States ($30.6M), India ($3.48M), Indonesia ($1.27M), Netherlands ($873k), and China ($696k).

The fastest growing export markets for Therapeutic Appliances of Vietnam between 2022 and 2023 were United States ($4.07M), India ($1.11M), and Ethiopia ($534k).

Imports In 2023, Vietnam imported $192M in Therapeutic Appliances, becoming the 19th largest importer of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 254th most imported product in Vietnam. Vietnam imports Therapeutic Appliances primarily from: China ($178M), Singapore ($3.09M), United States ($2.77M), Japan ($2.55M), and Germany ($976k).

The fastest growing import markets in Therapeutic Appliances for Vietnam between 2022 and 2023 were China ($3.15M), Singapore ($658k), and Australia ($293k).

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 Therapeutic Appliances. 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)$42.5M
IMPORTS (2023)$192M
NET TRADE (2023)-$149M

In 2023, Vietnam exported $42.5M in Therapeutic Appliances. The main destinations of Vietnam exports on Therapeutic Appliances were United States ($30.6M), India ($3.48M), Indonesia ($1.27M), Netherlands ($873k), and China ($696k).

In 2023, Vietnam imported $192M in Therapeutic Appliances, mainly from China ($178M), Singapore ($3.09M), United States ($2.77M), Japan ($2.55M), and Germany ($976k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Therapeutic Appliances EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
United States$4.07M (15.3%)
India$1.11M (47%)
Ethiopia$534k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Therapeutic Appliances BY Vietnam WERE (2022 - 2023):
Japan-$5.77M (-100%)
Mexico-$1.18M (-100%)
South Korea-$690k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Therapeutic Appliances were:
In 2023, Vietnam's main importing competitors in Therapeutic Appliances were:

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Trade Value of Therapeutic Appliances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $9.22M
TOP IMPORT POTENTIALChina+ $45.2M

Therapeutic Appliances’s highest export potential is United States. With an export gap of $9.22M.   Therapeutic Appliances’s highest import potential is China with an import gap of $45.2M.

See methodology.

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