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T13 · Trade opportunity evidence

Spain (ESP) to Vietnam (VNM) heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) (HS6 851629)

A country-to-country view of reported heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) trade, combining buyer demand, exporter position, market structure, access conditions, and observed lane history.

Exporter Spain (ESP)Importer Vietnam (VNM)HS6 851629One-way tradeCoverage 2009-2024Growing
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3-year buyer projection

$72.3MCalculated from reported demand

Exporter growth

+5%Full available history

Suppliers in market

37Latest reported count

Observed history

16 yearsLast year: 2024

Reported observations

What this heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) lane shows for HS 851629

Core values for Spain (ESP) → Vietnam (VNM) in HS 851629.

Buyer market

Latest imports$38.3M
Five-year projection$110.4M
Buyer CAGR+23.6%
Latest annual change+23.5%

Exporter position

Latest exports$4.7K
Market share0%
Share change-0 pp
Best observed share73.3%

Market structure

Reported suppliers37
Concentration index5,546.6
Share gap+73.3 pp
SignalGrowing

Detailed evidence

Complete lane evidence

Reported values, calculated indicators, and country-pair context for this route.

MeasureValueWhat it describes
Buyer imports$38.3MVietnam (VNM)'s latest reported imports
Exporter exports$4.7KSpain (ESP)'s exports to Vietnam (VNM)
Exporter market share0%Exporter share of the reported buyer market
Buyer five-year CAGR+23.6%Annualized change in buyer imports
Exporter full-history CAGR+5%Annualized change in exporter exports
Three-year buyer projection$72.3MCalculated projection from reported demand
Five-year buyer projection$110.4MCalculated projection from reported demand
Average buyer imports$10.1MAverage reported importer value
Peak buyer imports$44.8MHighest reported importer value
Average exporter exports$12.0KAverage reported lane exports
Peak exporter exports$95.9KHighest reported lane exports
Share change-0 ppLatest one-year change in exporter share
Reported suppliers37Supplier countries observed in the latest period
Buyer GDP$362.6BLatest buyer-country GDP estimate
Buyer GDP per person$3.7KLatest buyer-country GDP per person
Buyer population98,168.8 thousandLatest buyer-country population estimate
Buyer investment rate32.5%Reported buyer-country investment rate
Buyer secondary education71.6%Reported secondary education coverage
Distance10,053 kmApproximate country-pair distance
Business entry time16 daysReported days to start a business
Shared legal systemNoCountry-pair institutional relationship
Reported FTAYesReported trade-agreement indicator
WTO memberYesBuyer-country WTO membership indicator
Lane volatility1.9Variation indicator across observed lane values
Maximum drawdown97.5%Largest observed decline from a prior peak
Observed history16 yearsCoverage through 2024

Research reading

Heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) demand and the Spain (ESP) to Vietnam (VNM) lane

Vietnam (VNM) reported $38.3M of heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) imports in 2024. Spain (ESP) accounted for 0% of the observed market and reported $4.7K in exports on this lane.

The latest annual values eased slightly, while the longer available history shows +23.6% buyer growth and +5% exporter growth. The page separates reported values from projections and indicators.

Product classification

What does HS 851629 include?

HS 851629 covers Heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators). This page studies the six-digit Harmonized System classification rather than a company, brand, retail category, or individual shipment.

The classification sits in HS chapter 85 and heading 8516. The recorded trade type is one-way trade, with a low price range classification in the available product reference data.

How to interpret this page

Compare demand, position, and history together

This HS 851629 trade opportunity page brings together the buyer market in Vietnam (VNM), the exporter position of Spain (ESP), and the observed conditions of their trade lane. A large buyer market does not by itself show that every exporter has equal access, and a positive growth rate does not remove the need to examine volatility and historical coverage.

Use the reported imports and exports to understand scale, market share to understand position, projections to understand the calculated forward view, and lane history to understand how much evidence supports the comparison.

Frequently asked questions

Questions about Spain (ESP) to Vietnam (VNM) heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) trade

What is the HS code for this product?

This page covers HS 851629, the six-digit product classification shown in the trade records.

How large is the Vietnam (VNM) market?

The page reports the latest buyer imports, historical averages, peaks, growth, and calculated projections for heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators).

How strong is Spain (ESP) in this market?

Exporter performance is shown through lane exports, market share, share change, growth, and the number of reported suppliers.

What should be checked before entering this market?

Review market scale, competition, access indicators, volatility, drawdown, and the available history together rather than relying on one signal.

Continue your researchHS 851629 product overviewExplore this product in the workspaceMethodology and definitions

Definitions and coverage

How to read this page

Reported values

Trade values describe reported merchandise trade for the stated HS6 classification. They are not company-level sales or shipment records.

Calculated indicators

Growth, projections, concentration, volatility, and share-gap figures are calculated from the reported observations and should be interpreted with their coverage period.

Coverage

This sample covers 16 observed years through 2024. Missing values are shown as not reported rather than estimated.

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Compare this product across markets and routes

Use the trade data and methodology pages to study other exporters, importers, and HS6 products.