2022
Exports
$20.5MWorld Rnk 12 / 159
Flag Rnk 552 / 1176
2022
PRODUCT COMPLEXITY IN Watch Straps
-0.095Rnk 579 / 1025
2022
Imports
$42.6MWorld Rnk 10 / 197
Flag Rnk 584 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $20.5M in Watch Straps, making it the 12th largest exporter of Watch Straps in the world. At the same year, Watch Straps was the 552nd most exported product in Vietnam. The main destination of Watch Straps exports from Vietnam are: Japan ($4.7M), Thailand ($2.57M), South Korea ($2.44M), Switzerland ($1.98M), and China ($1.91M).

The fastest growing export markets for Watch Straps of Vietnam between 2021 and 2022 were Switzerland ($785k), Brazil ($504k), and Japan ($372k).

Imports In 2022, Vietnam imported $42.6M in Watch Straps, becoming the 10th largest importer of Watch Straps in the world. At the same year, Watch Straps was the 584th most imported product in Vietnam. Vietnam imports Watch Straps primarily from: China ($25.8M), Singapore ($8.68M), Cambodia ($3.66M), South Korea ($2.57M), and Switzerland ($743k).

The fastest growing import markets in Watch Straps for Vietnam between 2021 and 2022 were China ($1.02M), Cambodia ($321k), and United Arab Emirates ($136k).

COMPANIES In 2023, leading companies such as 99 Cents Only Stores (2) were at the forefront of shipping Watch Straps from Vietnam to the United States.

Latest Trends

Sep 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 Watch Straps. 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)$20.5M
IMPORTS (2022)$42.6M
NET TRADE (2022)-$22.1M

In 2022, Vietnam exported $20.5M in Watch Straps. The main destinations of Vietnam exports on Watch Straps were Japan ($4.7M), Thailand ($2.57M), South Korea ($2.44M), Switzerland ($1.98M), and China ($1.91M).

In 2022, Vietnam imported $42.6M in Watch Straps, mainly from China ($25.8M), Singapore ($8.68M), Cambodia ($3.66M), South Korea ($2.57M), and Switzerland ($743k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Straps EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Switzerland$785k (65.7%)
Brazil$504k (49.1%)
Japan$372k (8.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Straps BY Vietnam WERE (2021 - 2022):
South Korea-$5.73M (-70.1%)
Thailand-$930k (-26.5%)
Luxembourg-$917k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Watch Straps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.63M
TOP IMPORT POTENTIALChina+ $6.61M

Watch Straps’s highest export potential is China. With an export gap of $1.63M.   Watch Straps’s highest import potential is China with an import gap of $6.61M.

See methodology.

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