2022
Exports
$54MWorld Rnk 10 / 200
Flag Rnk 396 / 1176
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$40.2MWorld Rnk 25 / 219
Flag Rnk 596 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $54M in Wrenches, making it the 10th largest exporter of Wrenches in the world. At the same year, Wrenches was the 396th most exported product in Vietnam. The main destination of Wrenches exports from Vietnam are: United States ($39.4M), Chinese Taipei ($6.36M), China ($5.06M), Canada ($839k), and Japan ($733k).

The fastest growing export markets for Wrenches of Vietnam between 2021 and 2022 were United States ($27.5M), Chinese Taipei ($1.16M), and Japan ($231k).

Imports In 2022, Vietnam imported $40.2M in Wrenches, becoming the 25th largest importer of Wrenches in the world. At the same year, Wrenches was the 596th most imported product in Vietnam. Vietnam imports Wrenches primarily from: China ($31.3M), Chinese Taipei ($4.88M), Japan ($2.02M), Germany ($596k), and Australia ($231k).

The fastest growing import markets in Wrenches for Vietnam between 2021 and 2022 were Singapore ($83.6k), India ($44.5k), and Austria ($35.4k).

COMPANIES In 2023, leading companies such as Samsung (318), IKEA Group (102), and Stanley Black & Decker (29) were at the forefront of shipping Wrenches 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 Wrenches. 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)$54M
IMPORTS (2022)$40.2M
NET TRADE (2022)$13.8M

In 2022, Vietnam exported $54M in Wrenches. The main destinations of Vietnam exports on Wrenches were United States ($39.4M), Chinese Taipei ($6.36M), China ($5.06M), Canada ($839k), and Japan ($733k).

In 2022, Vietnam imported $40.2M in Wrenches, mainly from China ($31.3M), Chinese Taipei ($4.88M), Japan ($2.02M), Germany ($596k), and Australia ($231k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$27.5M (231%)
Chinese Taipei$1.16M (22.3%)
Japan$231k (46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Vietnam WERE (2021 - 2022):
China-$5.2M (-50.6%)
Cambodia-$1.2M (-92.7%)
Mexico-$140k (-73%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.16M
TOP IMPORT POTENTIALChina+ $7.04M

Wrenches’s highest export potential is China. With an export gap of $3.16M.   Wrenches’s highest import potential is China with an import gap of $7.04M.

See methodology.

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