2022
Exports
$114MWorld Rnk 7 / 84
Flag Rnk 294 / 1176
2022
PRODUCT COMPLEXITY IN Tug Boats
-0.93Rnk 819 / 1025
2022
Imports
$21MWorld Rnk 27 / 141
Flag Rnk 731 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $114M in Tug Boats, making it the 7th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 294th most exported product in Vietnam. The main destination of Tug Boats exports from Vietnam are: Australia ($26.9M), Canada ($24.7M), Netherlands ($11.6M), Timor-Leste ($11.6M), and New Zealand ($10.6M).

The fastest growing export markets for Tug Boats of Vietnam between 2021 and 2022 were Canada ($24.7M), Timor-Leste ($11.6M), and Spain ($6.68M).

Imports In 2022, Vietnam imported $21M in Tug Boats, becoming the 27th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 731st most imported product in Vietnam. Vietnam imports Tug Boats primarily from: China ($10.3M), Thailand ($6.97M), and Japan ($3.66M).

The fastest growing import markets in Tug Boats for Vietnam between 2021 and 2022 were Thailand ($6.97M) and China ($6.92M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (1) were at the forefront of shipping Tug Boats 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 Tug Boats. 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)$114M
IMPORTS (2022)$21M
NET TRADE (2022)$92.7M

In 2022, Vietnam exported $114M in Tug Boats. The main destinations of Vietnam exports on Tug Boats were Australia ($26.9M), Canada ($24.7M), Netherlands ($11.6M), Timor-Leste ($11.6M), and New Zealand ($10.6M).

In 2022, Vietnam imported $21M in Tug Boats, mainly from China ($10.3M), Thailand ($6.97M), and Japan ($3.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Canada$24.7M (1%)
Timor-Leste$11.6M (1%)
Spain$6.68M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Vietnam WERE (2021 - 2022):
Panama-$19.8M (-100%)
Benin-$16.1M (-100%)
Saudi Arabia-$16M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Tug Boats were:
In 2022, Vietnam's main importing competitors in Tug Boats were:

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.97M
TOP IMPORT POTENTIALChina+ $2.46M

Tug Boats’s highest export potential is India. With an export gap of $3.97M.   Tug Boats’s highest import potential is China with an import gap of $2.46M.

See methodology.

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