Machinery and Equipment are trending as one of the most globally demanded export commodity because of its several essential affectivities in different sectors. The use of machinery and equipment in industrial sectors like automotive, electronics, and construction sites in various forms like Excavators, Bulldozers, Cranes, CNC Machines, Harvesting Equipment, and Solar Panel Equipment, etc shows the efficacy of such equipment in the day-to-day life of humanity.

The favorable business climate of the nation like the proper political relations with top traders, low labor costs, and the vast manufacturing sector engaged in production serves the growing export trade rate of machinery and equipment in Vietnam. The globally growing demands and the attributing factors behind the wide range of exports have led to a total export trade value of 58 billion US dollars in 2023 with a growth rate of 4% than that of the previous year.

Top Machinery and Equipment Export of Vietnam in 2023

The increasing shipping rate of countries all over the world in Vietnam has increased the export of machinery and equipment. As per the Vietnam Export Data, the top 10 machinery and equipment exports of the nation in 2023 are discussed below,

• Electrical Machinery – Export trade value of Electrical Machinery export from Vietnam in 2023 – 32 billion US dollars.

• Telecommunication Equipment – Export trade value of Telecommunication Equipment exported from Vietnam in 2023 – 22 billion US dollars.

• Computers – Export trade value of Computers exported from Vietnam in 2023 – 18 billion US dollars.

• Office Machines – Export trade value of Office Machines exported from Vietnam in 2023 – 12 billion US dollars.

• Insulated Wire and Cable – Export trade value of Insulated wire and cable export from Vietnam in 2023 – 10 billion US dollars.

• Rubber Tires – Export trade value of Rubber Tires exported from Vietnam in 2023 – 9 billion US dollars.

• Iron and Steel Products – Export trade value of Iron and Steel products exported from Vietnam in 2023 – 8 billion US dollars.

• Plastics – Export trade value of Plastics exported from Vietnam in 2023 – 6 billion US dollars.

• Medical Equipment – Export trade value of Medical Equipment exported from Vietnam in 2023 – 5 billion US dollars.

• Electronic Integrated Circuits – Export trade value of Electronic Integrated Circuits exported from Vietnam in 2023 – 4 billion US dollars.

Top Export Partners of Vietnam for Machinery and Equipment Export

According to the Vietnam Trade Data, the top trade partners of Vietnam for the export of machinery and equipment in 2023 are,

• United States – As per the USA Import Data, the valuation of machinery and equipment exported from Vietnam in 2023 – 38 billion US dollars.

Variations of Machinery and Equipment Export

1. Electrical Machinery and Equipment
2. Computers and Electronic Equipment
3. Telecommunication Equipment
4. Industrial Machinery and Parts
5. Household Electrical Appliances

• Japan – As per the Japan Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 28 billion US dollars.

Variations of Machinery and Equipment Export

1. Electrical Machinery and Equipment
2. Computers and Peripheral Equipment
3. Industrial Machinery and Equipment
4. Telecommunication Equipment
5. Household Electrical Appliances

• China – As per the China Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 20 billion US dollars.

Variations of Machinery and Equipment Export

1. Semiconductors
2. Printed Circuit Boards
3. Transformers and inductors
4. Power converters and inverters
5. Electric cables and wires

• South Korea – As per the South Korea Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 18 billion US dollars.

Variations of Machinery and Equipment Export

1. Switchboards and control panels
2. Electric batteries
3. Power adaptors and chargers
4. Electrical connectors and terminals
5. Laptops

• Germany – As per the Germany Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 15 billion US dollars.

Variations of Machinery and Equipment Export

1. Mobile phones
2. Landline phones
3. Wireless headphones and earphones
4. Modems and network devices
5. Wi-Fi routers

• Netherlands – As per the Netherlands Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 13 billion US dollars.

Variations of Machinery and Equipment Export

1. CNC machines
2. Metal cutting machines
3. Air conditioners
4. Vehicle lighting systems
5. Engine parts and components

• Cambodia – As per the Cambodia Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 12 billion US dollars.

Variations of Machinery and Equipment Export

1. Auto air conditioning units
2. Electric motors for vehicles
3. Ventilators
4. Surgical instruments
5. Diagnostic devices

• Thailand – As per the Thailand Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 10 billion US dollars.

Variations of Machinery and Equipment Export

1. Cement batching plants
2. Pavers
3. Plowing machines
4. Harvesters
5. Fertilizer spreaders

• United Kingdom – As per the United Kingdom Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 8 billion US dollars.

Variations of Machinery and Equipment Export

1. Greenhouse equipment
2. Threshers
3. Surgical instruments
4. Medical imaging devices
5. Sterilization equipment

• Australia – As per the Australia Import Data, the valuation of machinery and equipment export from Vietnam in 2023 – 6 billion US dollars.

Variations of Machinery and Equipment Export

1. Laser cutting machines
2. Conveyors and conveyor belts
3. Metal cutting machines
4. Metal forming machines
5. Routers and modems

Top Machinery and Equipment Producers of Vietnam in 2023

The low labor cost and the strategic trade location of the nation have allowed the top manufacturers to produce more varieties of machinery and equipment for global export. As per the Vietnam Customs Data, the top producers of Machinery and Equipment in Vietnam are discussed below,

1. Samsung Electronics Vietnam – Valuation of machinery and equipment exports from Samsung Electronics Vietnam in 2023 - 22 billion US dollars.

2. Canon Vietnam Co., Ltd – Valuation of machinery and equipment exports from Canon Vietnam in 2023 - 18 billion US dollars.

3. LG Electronics Hai Phong Co., Ltd – Valuation of machinery and equipment exports from LG Electronics Hai Phong Co., Ltd in 2023 - 15 billion US dollars.

4. Toyota Motor Vietnam Co., Ltd. – Valuation of machinery and equipment exports from Toyota Motor Vietnam Co., Ltd. in 2023 - 12 billion US dollars.

5. Toyota Boshoku Hanoi Co., Ltd. – Valuation of machinery and equipment exports from Toyota Boshoku Hanoi Co., Ltd. in 2023 - 10 billion US dollars.

6. Ford Vietnam Limited – Valuation of machinery and equipment exports from Ford Vietnam Limited in 2023 - 9 billion US dollars.

7. Honda Vietnam Co., Ltd – Valuation of machinery and equipment exports from Honda Vietnam Co., Ltd in 2023 - 8 billion US dollars.

8. Piaggio Vietnam – Valuation of machinery and equipment exports from Piaggio Vietnam in 2023 - 7 billion US dollars.

9. Trung Nguyen Coffee Group Joint Stock Company – Valuation of machinery and equipment exports from Trung Nguyen Coffee Group Joint Stock Company in 2023 - 6 billion US dollars.

10. Sao Ta Foods Joint Stock Company – Valuation of machinery and equipment exports from Sao Ta Foods Joint Stock Company in 2023 - 5 billion US dollars.

Export Trade Statistics of Machinery and Equipment of Vietnam for the Last 10 Years

1. Export trade value of machinery and equipment from Vietnam in 2013 – 17.8 billion US dollars.

2. Export trade value of machinery and equipment from Vietnam in 2014 - 16 billion US dollars.

3. Export trade value of machinery and equipment from Vietnam in 2015 - 20 billion US dollars.

4. Export trade value of machinery and equipment from Vietnam in 2016 – 22 billion US dollars.

5. Export trade value of machinery and equipment from Vietnam in 2017 - 25 billion US dollars.

6. Export trade value of machinery and equipment from Vietnam in 2018 - 30 billion US dollars.

7. Export trade value of machinery and equipment from Vietnam in 2019 - 28 billion US dollars.

8. Export trade value of machinery and equipment from Vietnam in 2020 – 34 billion US dollars.

9. Export trade value of machinery and equipment from Vietnam in 2021 – 36 billion US dollars.

10. Export trade value of machinery and equipment from Vietnam in 2022 – 38 billion US dollars

FAQ’s

Que. Who is the top producer of machinery and equipment in Vietnam?
Ans. Samsung Electronics is the top producer of machinery and equipment in Vietnam.

Que. What is the export trade value of machinery and equipment from Vietnam in 2023?
Ans. The export trade value of machinery and equipment from Vietnam in 2023 is 58 billion US dollars.

Que. Where can you get the detailed trade analysis of machinery and equipment exports of Vietnam in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of machinery and equipment exports of Vietnam in 2023.

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