US · HS-10 · USDA FAS
(no imports from VN of this HS-6 in 2024)
850511
Rank#34Score2.22Magnets; permanent magnets and articles intended to become permanent magnets after magnetisation, of metal
CPTPPFree
Cross-Mirror Flows
Trend Lines
Specific items imported
Brazil macro
Brazil MDIC·2025FOB value
$0.0M
Weight
1t
Opportunity score
2.22
supply × gap × fragmentation
Vietnam supply scale2.54
log₁₀($343.3M VN world exports)
Canada market gap0.99
VN holds ~1% of CA imports — 99% headroom
Buyer fragmentation0.88
Top-3 importers control 12% of Canadian imports — open competitive field
=2.22(rank #34 of 2334)
Importer Concentration
Vietnamese Exporters
Market structure
CID·2023Concentration
12%top-3 importer share
Fragmented — no dominant incumbent
Top-3 = 12%Top-10 = 27%Top-25 = 42%
Market size
238 Canadian importers
$55.6M CAD total imports (all countries)
Large market with broad participation
Entry read
A new entrant could realistically enter — top-3 controls only 12% of a $56M market across 238 importers, leaving a long tail of small buyers without a dominant competitor.
Tariff Details
CBSA·2026| Item | MFN | CPTPP |
|---|---|---|
| 8505.11.00 | Free | Free |