From January to October 2021, the bilateral import and export volume of goods between China and Vietnam was US$186,560.68 million, an increase of US$36,633.6398 million compared with the same period in 2020, a year-on-year increase of 25%.
From January to October 2021, the total value of China’s exports to Vietnam was US$112,856,530,700, an increase of US$23,864,099,700 compared with the same period in 2020, a year-on-year increase of 27.3%; the total value of China’s imports from Vietnam was US$73,704,150,100, compared with 2020. In the same period, an increase of 12,769,540,100 US dollars, a year-on-year increase of 21.7%
From the data point of view, despite the impact of the COVID-19 epidemic, the economic and trade exchanges between China and Vietnam have not declined because of this. As neighbors, China and Vietnam will have better trade exchanges. For various construction projects carried out in Vietnam in recent years, crane equipment is essential equipment. As an excellent crane supplier in China, Dongqi Crane can provide high-quality crane services for Vietnamese customers. In the past 2021, Dongqi Crane has reached 15 various types of crane cooperation projects with Vietnamese customers. In order to better understand the Vietnamese crane market, this article will speculate on the possible changes in the size of the Vietnamese crane market in 2022 from the import and export data of Vietnamese overhead cranes.
Before we start discussing the aerial crane market in Vietnam, we have a few small questions that need to be answered first. Let’s take a look
In 2020, the Vietnam Overhead Crane Market fell -X% to X USD, declining for the second consecutive year after three years of growth. Overall, consumption has fallen sharply. The most significant growth rate occurred in 2009, when the market value increased by X% year-on-year. During the period under review, the market reached its highest level of $X in 2018; however, from 2019 to 2020, consumption was at a lower level
In 2020, overseas shipments of fixed-support overhead cranes fell -X% to X units, the third consecutive year of decline after three consecutive years of growth. During the period under review, exports declined significantly. In 2013, the growth rate was the fastest, with exports increasing by X% year-on-year. During the period under review, exports reached a maximum of X units in 2007; however, from 2008 to 2020, exports failed to regain momentum. Overhead crane exports shrunk significantly to $X in 2020 in value terms. Overall, exports fell sharply. The growth rate was most pronounced in 2017, with a year-on-year increase of X%. Exports peaked at $X in 2007; however, from 2008 to 2020, export figures were slightly lower.
Myanmar (X units) is the main destination for Vietnam’s bridge crane exports, accounting for about X% of total exports. From 2007 to 2020, the average annual growth rate of shipments to Myanmar is -X%. In value terms, Myanmar (USD X) remains the main foreign market for Vietnam’s overhead crane exports. From 2007 to 2020, the average annual growth in value to Myanmar totaled -X%.
In 2020, overseas purchases of fixed-support overhead cranes fell -X% to X units, the second consecutive year of decline after three consecutive years of growth. Overall, imports contracted sharply. The most significant growth rate occurred in 2009, when imports increased by X% over the previous year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2010 and 2020.
In value terms, 2020 overhead crane imports fell significantly to $X. Imports fell sharply during the period under review. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. As a result, imports peaked at X dollars. Import growth remained low in 2019-20.
China (X units), Japan (X units) and Sweden (X units) were the main suppliers of imported overhead cranes in Vietnam, accounting for X% of total imports. Sweden saw the largest increase from 2007 to 2020, while other leaders saw a more modest increase in purchases.
China (USD X) is Vietnam's largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Japan ($X) with X% of total imports. It is followed by South Korea with an X% share. From 2007 to 2020, the average annual growth rate of Chinese value is -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Japan (-X% per annum) and South Korea (-X% per annum).
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