2022
Exports
$13.4MWorld Rnk 54 / 167
Flag Rnk 615 / 1176
2022
PRODUCT COMPLEXITY IN Tractors
0.95Rnk 194 / 1025
2022
Imports
$366MWorld Rnk 38 / 215
Flag Rnk 177 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $13.4M in Tractors, making it the 54th largest exporter of Tractors in the world. At the same year, Tractors was the 615th most exported product in Vietnam. The main destination of Tractors exports from Vietnam are: Philippines ($3.11M), Netherlands ($1.52M), Laos ($1.42M), Uruguay ($1.11M), and Germany ($984k).

The fastest growing export markets for Tractors of Vietnam between 2021 and 2022 were Laos ($870k), Uruguay ($709k), and Dominican Republic ($374k).

Imports In 2022, Vietnam imported $366M in Tractors, becoming the 38th largest importer of Tractors in the world. At the same year, Tractors was the 177th most imported product in Vietnam. Vietnam imports Tractors primarily from: China ($270M), Japan ($49.5M), Thailand ($24.5M), South Korea ($7.2M), and India ($3.99M).

The fastest growing import markets in Tractors for Vietnam between 2021 and 2022 were Japan ($12.8M), India ($2.02M), and Canada ($102k).

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 Tractors. 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)$13.4M
IMPORTS (2022)$366M
NET TRADE (2022)-$352M

In 2022, Vietnam exported $13.4M in Tractors. The main destinations of Vietnam exports on Tractors were Philippines ($3.11M), Netherlands ($1.52M), Laos ($1.42M), Uruguay ($1.11M), and Germany ($984k).

In 2022, Vietnam imported $366M in Tractors, mainly from China ($270M), Japan ($49.5M), Thailand ($24.5M), South Korea ($7.2M), and India ($3.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Laos$870k (157%)
Uruguay$709k (175%)
Dominican Republic$374k (5.84k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Vietnam WERE (2021 - 2022):
Sri Lanka-$3.71M (-87.9%)
Philippines-$1.98M (-38.8%)
Cambodia-$999k (-83.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.38M
TOP IMPORT POTENTIALChina+ $24.7M

Tractors’s highest export potential is United States. With an export gap of $3.38M.   Tractors’s highest import potential is China with an import gap of $24.7M.

See methodology.

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