2023
Exports
$4.38MWorld Rnk 34 / 144
Flag Rnk 714 / 1173
2023
PRODUCT COMPLEXITY IN Tool Plates
1.73Rnk 20 / 1025
2023
Imports
$30.7MWorld Rnk 33 / 191
Flag Rnk 615 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $4.38M in Tool Plates, making it the 34th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 714th most exported product in Vietnam. The main destination of Tool Plates exports from Vietnam are: Germany ($899k), Japan ($844k), Thailand ($693k), Singapore ($506k), and Chinese Taipei ($320k).

The fastest growing export markets for Tool Plates of Vietnam between 2022 and 2023 were Germany ($596k), Brazil ($125k), and United States ($94.5k).

Imports In 2023, Vietnam imported $30.7M in Tool Plates, becoming the 33rd largest importer of Tool Plates in the world. At the same year, Tool Plates was the 615th most imported product in Vietnam. Vietnam imports Tool Plates primarily from: Japan ($13.9M), Singapore ($5.69M), China ($4.93M), Israel ($2.06M), and Germany ($1.71M).

The fastest growing import markets in Tool Plates for Vietnam between 2022 and 2023 were Japan ($6.86M), Singapore ($5.49M), and Israel ($1.82M).

Latest Trends

Jan 2025

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 Tool Plates. 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)$4.38M
IMPORTS (2023)$30.7M
NET TRADE (2023)-$26.3M

In 2023, Vietnam exported $4.38M in Tool Plates. The main destinations of Vietnam exports on Tool Plates were Germany ($899k), Japan ($844k), Thailand ($693k), Singapore ($506k), and Chinese Taipei ($320k).

In 2023, Vietnam imported $30.7M in Tool Plates, mainly from Japan ($13.9M), Singapore ($5.69M), China ($4.93M), Israel ($2.06M), and Germany ($1.71M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Germany$596k (197%)
Brazil$125k (851%)
United States$94.5k (89.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Vietnam WERE (2022 - 2023):
China-$2.1M (-96.5%)
Japan-$1.41M (-62.5%)
South Korea-$869k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Tool Plates were:
Germany $1.01B
Japan $874M
China $695M
In 2023, Vietnam's main importing competitors in Tool Plates were:

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.31M
TOP IMPORT POTENTIALChina+ $4.46M

Tool Plates’s highest export potential is China. With an export gap of $2.31M.   Tool Plates’s highest import potential is China with an import gap of $4.46M.

See methodology.

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