2022
Exports
$25.6MWorld Rnk 26 / 159
Flag Rnk 514 / 1176
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$189MWorld Rnk 7 / 209
Flag Rnk 287 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $25.6M in Electric Furnaces, making it the 26th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 514th most exported product in Vietnam. The main destination of Electric Furnaces exports from Vietnam are: United States ($7.42M), Japan ($5.98M), United Kingdom ($3.47M), Mexico ($1.64M), and Chinese Taipei ($1.25M).

The fastest growing export markets for Electric Furnaces of Vietnam between 2021 and 2022 were Japan ($3.96M), United Kingdom ($3.47M), and United States ($3.08M).

Imports In 2022, Vietnam imported $189M in Electric Furnaces, becoming the 7th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 287th most imported product in Vietnam. Vietnam imports Electric Furnaces primarily from: China ($98.9M), South Korea ($35.2M), Japan ($23.5M), United States ($9.19M), and Chinese Taipei ($7.5M).

The fastest growing import markets in Electric Furnaces for Vietnam between 2021 and 2022 were China ($13.2M), Japan ($11.7M), and South Korea ($5.87M).

COMPANIES In 2023, leading companies such as PANASONIC CONSUMER ELECTRONICS (10), ELECTROLUX HOME PRODUCTS INC (5), and COTTON ON USA INC (2) were at the forefront of shipping Electric Furnaces from Vietnam to the United States.

Latest Trends

Mar 2024

Subnational Monthly Trade

View
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 Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$25.6M
IMPORTS (2022)$189M
NET TRADE (2022)-$163M

In 2022, Vietnam exported $25.6M in Electric Furnaces. The main destinations of Vietnam exports on Electric Furnaces were United States ($7.42M), Japan ($5.98M), United Kingdom ($3.47M), Mexico ($1.64M), and Chinese Taipei ($1.25M).

In 2022, Vietnam imported $189M in Electric Furnaces, mainly from China ($98.9M), South Korea ($35.2M), Japan ($23.5M), United States ($9.19M), and Chinese Taipei ($7.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$3.96M (196%)
United Kingdom$3.47M (1%)
United States$3.08M (70.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Vietnam WERE (2021 - 2022):
Singapore-$594k (-95.8%)
Guatemala-$368k (-100%)
Kenya-$295k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Vietnam's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Vietnam's main importing competitors in Electric Furnaces were:

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with