2022
Exports
$6.88MWorld Rnk 27 / 119
Flag Rnk 704 / 1176
2022
PRODUCT COMPLEXITY IN Tungsten
1.45Rnk 63 / 1025
2022
Imports
$16MWorld Rnk 20 / 169
Flag Rnk 777 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.88M in Tungsten, making it the 27th largest exporter of Tungsten in the world. At the same year, Tungsten was the 704th most exported product in Vietnam. The main destination of Tungsten exports from Vietnam are: United States ($3.61M), Japan ($1.94M), Germany ($1.08M), Philippines ($106k), and South Korea ($58.2k).

The fastest growing export markets for Tungsten of Vietnam between 2021 and 2022 were United States ($2.05M), Germany ($1.08M), and Japan ($941k).

Imports In 2022, Vietnam imported $16M in Tungsten, becoming the 20th largest importer of Tungsten in the world. At the same year, Tungsten was the 777th most imported product in Vietnam. Vietnam imports Tungsten primarily from: China ($5.22M), South Korea ($3.75M), Japan ($2.87M), India ($2.8M), and Chinese Taipei ($291k).

The fastest growing import markets in Tungsten for Vietnam between 2021 and 2022 were India ($1.81M), China ($485k), and South Korea ($408k).

COMPANIES In 2023, leading companies such as Home Depot (65), Hyosung (57), and YAMAHA CORPORATION OF AMERICA (7) were at the forefront of shipping Tungsten 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 Tungsten. 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)$6.88M
IMPORTS (2022)$16M
NET TRADE (2022)-$9.12M

In 2022, Vietnam exported $6.88M in Tungsten. The main destinations of Vietnam exports on Tungsten were United States ($3.61M), Japan ($1.94M), Germany ($1.08M), Philippines ($106k), and South Korea ($58.2k).

In 2022, Vietnam imported $16M in Tungsten, mainly from China ($5.22M), South Korea ($3.75M), Japan ($2.87M), India ($2.8M), and Chinese Taipei ($291k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$2.05M (131%)
Germany$1.08M (1%)
Japan$941k (94.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten BY Vietnam WERE (2021 - 2022):
Netherlands-$1.3M (-99.6%)
South Korea-$242k (-80.6%)
Malaysia-$223k (-98.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tungsten by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $567k
TOP IMPORT POTENTIALChina+ $3.24M

Tungsten’s highest export potential is United States. With an export gap of $567k.   Tungsten’s highest import potential is China with an import gap of $3.24M.

See methodology.

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