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Vietnam’s machine, equipment, tools, and instruments exports decline by 6.36 percent in December

Vietnam’s exports of machines, equipment, tools, and instruments decreased by 6.36 percent in December compared to November, reaching US$4.39 billion, according to data from Vietnam’s General Department of Customs.

Vietnam’s machine, equipment, tools, and instruments exports total US$52.19 billion for 2024, reflecting strong demand despite the month-on-month decline.

The decrease in exports was primarily driven by a significant drop in shipments to the USA, which saw a 17.52 percent decline, amounting to US$1.83 billion. Exports to South Korea, Japan, and Canada also showed a decline, decreasing by 5.42 percent, 8.87 percent, and 16.74 percent, respectively.

However, some markets showed positive growth. Exports to Hong Kong, Germany, and the Netherlands increased by 55.21 percent, 16.01 percent, and 0.83 percent, respectively. Exports to Chile also saw a significant rise of 2498.88 percent.

See also: Manufacturing in Vietnam

Vietnam machine, equipment, tools, and instruments exports, December 2024, US$

DecemberNovemberMoM2024
Total4,386,023,7134,684,042,087-6.36%52,191,541,774
Other430,441,887450,362,992-4.42%5,428,144,501
USA1,834,926,3742,224,817,343-17.52%22,052,523,094
China304,122,613301,607,0320.83%3,365,088,867
South Korea240,193,259253,967,588-5.42%3,262,090,003
Japan226,207,479248,234,328-8.87%2,766,500,976
Netherlands195,997,096198,940,025-1.48%2,458,055,692
Hong Kong154,654,83399,639,75955.21%1,285,994,171
Germany133,616,074115,177,59916.01%1,322,046,466
UK116,907,482102,588,63613.96%1,362,728,061
Chile96,132,4563,698,9972498.88%369,620,410
Taiwan89,570,42777,203,52716.02%713,023,411
Thailand83,534,807100,194,525-16.63%1,047,351,104
India72,943,49782,261,774-11.33%948,866,469
Czech Republic67,610,36765,014,2003.99%743,909,925
Singapore60,896,97469,801,910-12.76%850,840,132
Mexico60,790,81464,369,098-5.56%764,702,645
Poland49,631,39248,722,7171.86%633,811,084
Canada45,576,33154,738,211-16.74%784,088,842
Australia42,675,30143,089,017-0.96%1,137,645,117
Indonesia40,367,86447,727,449-15.42%491,695,595
Malaysia39,226,38631,885,36023.02%402,815,209

See also: How to Start an Export Business in Vietnam.

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