2022
Exports
$29.2MWorld Rnk 7 / 184
Flag Rnk 486 / 1176
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$13.1MWorld Rnk 26 / 218
Flag Rnk 809 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $29.2M in Tool Sets, making it the 7th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 486th most exported product in Vietnam. The main destination of Tool Sets exports from Vietnam are: United States ($24.3M), Austria ($1.29M), Spain ($1.09M), Netherlands ($637k), and Canada ($246k).

The fastest growing export markets for Tool Sets of Vietnam between 2021 and 2022 were Austria ($791k), Spain ($750k), and Canada ($244k).

Imports In 2022, Vietnam imported $13.1M in Tool Sets, becoming the 26th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 809th most imported product in Vietnam. Vietnam imports Tool Sets primarily from: China ($8.6M), South Korea ($1.38M), United States ($937k), Chinese Taipei ($455k), and Japan ($337k).

The fastest growing import markets in Tool Sets for Vietnam between 2021 and 2022 were United States ($778k), Russia ($246k), and Japan ($190k).

COMPANIES In 2023, leading companies such as Home Depot (7) were at the forefront of shipping Tool Sets from Vietnam to the United States.

Latest Trends

Oct 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 Tool Sets. 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)$29.2M
IMPORTS (2022)$13.1M
NET TRADE (2022)$16.2M

In 2022, Vietnam exported $29.2M in Tool Sets. The main destinations of Vietnam exports on Tool Sets were United States ($24.3M), Austria ($1.29M), Spain ($1.09M), Netherlands ($637k), and Canada ($246k).

In 2022, Vietnam imported $13.1M in Tool Sets, mainly from China ($8.6M), South Korea ($1.38M), United States ($937k), Chinese Taipei ($455k), and Japan ($337k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Austria$791k (158%)
Spain$750k (221%)
Canada$244k (9.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Vietnam WERE (2021 - 2022):
Japan-$263k (-69.6%)
Germany-$227k (-52.4%)
Serbia-$96.8k (-98.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Tool Sets were:
In 2022, Vietnam's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $286k
TOP IMPORT POTENTIALChina+ $3.69M

Tool Sets’s highest export potential is Germany. With an export gap of $286k.   Tool Sets’s highest import potential is China with an import gap of $3.69M.

See methodology.

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