A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s exports of machinery and equipment decline in November

Vietnam’s exports of machinery, equipment, tools, and instruments totalled US$4.68 billion in November, a decrease of 10.7 percent compared to October, according to Vietnam’s General Department of Customs. Year-to-date exports in this category amounted to US$47.81 billion.

The USA remained the largest market, with exports reaching US$2.22 billion, despite a decline of 10.54 percent month-on-month. Exports to China were stable at US$301.61 million, reflecting a slight increase of 0.25 percent. South Korea saw a sharp decline of 15.74 percent, with exports totalling US$253.97 million.

Japan imported US$248.23 million worth of machinery and equipment, a decline of 4.07 percent, while exports to the Netherlands fell by 11.10 percent to US$198.94 million. Germany recorded a 12.36 percent drop, amounting to US$115.18 million. Conversely, exports to Thailand and the UK declined by 3.10 percent and 10.23 percent, respectively.

Despite the overall decline, Vietnam’s exports in this category remain robust, particularly in the USA and China, reflecting steady demand from key trading partners.

See also: Manufacturing in Vietnam

Vietnam’s machinery, equipment, tools, and instruments exports, November 2024

NovemberOctoberMoMYTD
Total4,684,042,0875,243,673,803-10.67%47,805,518,061
Other103,636,13287,007,61019.11%1,267,843,704
USA2,224,817,3432,486,980,961-10.54%20,222,278,425
China301,607,032300,849,6990.25%3,061,662,463
South Korea253,967,588301,398,670-15.74%3,025,221,741
Japan248,234,328258,773,212-4.07%2,540,468,387
Netherlands198,940,025223,770,764-11.10%2,262,553,458
Germany115,177,599131,428,402-12.36%1,188,737,894
UK102,588,636114,275,474-10.23%1,246,318,681
Thailand100,194,525103,396,588-3.10%963,857,305
HongKong99,639,759133,903,639-25.59%1,131,418,299
India82,261,774110,205,574-25.36%875,963,841
Taiwan77,203,52769,734,54610.71%622,583,848
Singapore69,801,91091,000,093-23.29%791,044,118
Czech Republic65,014,200115,753,959-43.83%676,299,558
Mexico64,369,09862,440,6473.09%704,148,725
Canada54,738,21172,606,980-24.61%739,335,899
Poland48,722,71759,617,709-18.27%584,179,692
Indonesia47,727,44938,764,06623.12%451,330,077
Italy45,889,24567,302,003-31.82%430,338,126
Australia43,089,01761,598,321-30.05%1,095,583,324
France38,426,23230,621,46625.49%260,787,102
Malaysia31,885,36026,916,21418.46%363,594,310
UAE30,057,90443,137,793-30.32%455,158,463
Philippines29,546,28738,782,521-23.82%359,816,020
Austria22,078,21124,664,293-10.49%214,727,421
Belgium21,235,77219,191,70610.65%287,038,000
Russia19,408,24020,000,980-2.96%215,072,355
Spain16,573,21912,925,17628.22%180,185,322
Brazil15,528,85419,151,380-18.92%210,136,942
Sweden13,492,7369,477,32042.37%107,833,464
Saudi Arabia11,949,00913,936,553-14.26%159,865,794
Hungary10,201,12310,943,698-6.79%110,402,958
Turkey8,112,5758,740,300-7.18%123,534,963
Cambodia7,474,9069,237,468-19.08%113,101,722
Romania6,957,7059,274,244-24.98%65,677,012
Armenia5,765,0235,759,0020.10%31,603,805
Laos5,731,8596,725,784-14.78%53,342,126
South Africa5,611,4314,451,85926.05%60,136,233
Egypt5,003,6083,017,08065.84%40,334,638
New Zealand4,725,0845,657,458-16.48%53,351,089
Finland4,580,301526,646769.71%10,209,216
Colombia3,928,6725,526,466-28.91%37,114,540
Chile3,698,9974,033,317-8.29%273,489,739
Switzerland3,109,0453,418,171-9.04%18,369,203
Denmark2,295,8941,872,46122.61%18,847,770
Argentina1,828,1762,725,030-32.91%15,560,359
Norway1,716,825532,320222.52%12,739,709
Myanmar (Burma)1,695,2091,207,90340.34%16,440,561
Kazakhstan1,081,9321,220,547-11.36%11,326,611
Pakistan924,129786,48417.50%7,884,129
Mozambique711,4133,817,321-81.36%9,461,005
Tanzania389,4891,138,303-65.78%8,578,491
Belarus238,385832,325-71.36%1,955,281
Ukraine225,51068,062231.33%998,774
Bangladesh179,897521,425-65.50%9,390,686
Brunei Darussalam52,9601,535,300-96.55%2,677,013
Angola0460,958-100.00%3,426,970
Iceland029,552-100.00%126,881
Kyrgyzstan000.00%53,819
Get Vietnam manufacturing news sent straight to your inbox

Latest manufacturing news...