2022
Exports
$390MWorld Rnk 21 / 209
Flag Rnk 154 / 1176
2022
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.96Rnk 190 / 1025
2022
Imports
$324MWorld Rnk 25 / 222
Flag Rnk 198 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $390M in Electrical Lighting and Signalling Equipment, making it the 21st largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 154th most exported product in Vietnam. The main destination of Electrical Lighting and Signalling Equipment exports from Vietnam are: United States ($144M), South Korea ($61.5M), Japan ($21.9M), Italy ($21.3M), and Thailand ($19.2M).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Vietnam between 2021 and 2022 were United States ($44.3M), Thailand ($4.66M), and Czechia ($3.5M).

Imports In 2022, Vietnam imported $324M in Electrical Lighting and Signalling Equipment, becoming the 25th largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 198th most imported product in Vietnam. Vietnam imports Electrical Lighting and Signalling Equipment primarily from: China ($142M), South Korea ($43M), Thailand ($30.2M), India ($29.1M), and Japan ($24.8M).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Vietnam between 2021 and 2022 were China ($20.5M), South Korea ($11.7M), and Spain ($3.27M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (78), Samsung (14), and LG Electronics (8) were at the forefront of shipping Electrical Lighting and Signalling Equipment 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 Electrical Lighting and Signalling Equipment. 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)$390M
IMPORTS (2022)$324M
NET TRADE (2022)$65.2M

In 2022, Vietnam exported $390M in Electrical Lighting and Signalling Equipment. The main destinations of Vietnam exports on Electrical Lighting and Signalling Equipment were United States ($144M), South Korea ($61.5M), Japan ($21.9M), Italy ($21.3M), and Thailand ($19.2M).

In 2022, Vietnam imported $324M in Electrical Lighting and Signalling Equipment, mainly from China ($142M), South Korea ($43M), Thailand ($30.2M), India ($29.1M), and Japan ($24.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$44.3M (44.3%)
Thailand$4.66M (32.1%)
Czechia$3.5M (47.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Vietnam WERE (2021 - 2022):
Poland-$4.79M (-64.9%)
South Korea-$4.51M (-6.84%)
Russia-$1.09M (-81.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $5.89B
Mexico $3.86B
Germany $3.32B
In 2022, Vietnam's main importing competitors in Electrical Lighting and Signalling Equipment were:

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Trade Value of Electrical Lighting and Signalling Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28M
TOP IMPORT POTENTIALChina+ $58.8M

Electrical Lighting and Signalling Equipment’s highest export potential is United States. With an export gap of $28M.   Electrical Lighting and Signalling Equipment’s highest import potential is China with an import gap of $58.8M.

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