2022
Exports
$262MWorld Rnk 48 / 210
Flag Rnk 188 / 1176
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$3.45BWorld Rnk 37 / 224
Flag Rnk 14 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $262M in Cars, making it the 48th largest exporter of Cars in the world. At the same year, Cars was the 188th most exported product in Vietnam. The main destination of Cars exports from Vietnam are: United States ($216M), Spain ($12.2M), United Kingdom ($7.28M), Germany ($4.27M), and Canada ($3.9M).

The fastest growing export markets for Cars of Vietnam between 2021 and 2022 were Spain ($10.5M), United Kingdom ($3.81M), and Netherlands ($2.49M).

Imports In 2022, Vietnam imported $3.45B in Cars, becoming the 37th largest importer of Cars in the world. At the same year, Cars was the 14th most imported product in Vietnam. Vietnam imports Cars primarily from: Thailand ($1.17B), Indonesia ($947M), South Korea ($461M), China ($306M), and Germany ($131M).

The fastest growing import markets in Cars for Vietnam between 2021 and 2022 were Indonesia ($459M), China ($167M), and Thailand ($96.3M).

COMPANIES In 2023, leading companies such as Samsung (84), Old Navy (15), and Gap (12) were at the forefront of shipping Cars from Vietnam to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$262M
IMPORTS (2022)$3.45B
NET TRADE (2022)-$3.19B

In 2022, Vietnam exported $262M in Cars. The main destinations of Vietnam exports on Cars were United States ($216M), Spain ($12.2M), United Kingdom ($7.28M), Germany ($4.27M), and Canada ($3.9M).

In 2022, Vietnam imported $3.45B in Cars, mainly from Thailand ($1.17B), Indonesia ($947M), South Korea ($461M), China ($306M), and Germany ($131M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Spain$10.5M (603%)
United Kingdom$3.81M (109%)
Netherlands$2.49M (295%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Vietnam WERE (2021 - 2022):
United States-$10.9M (-4.8%)
Turkey-$1.99M (-92.3%)
Laos-$990k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Cars were:
In 2022, Vietnam's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $141M
TOP IMPORT POTENTIALChina+ $327M

Cars’s highest export potential is United States. With an export gap of $141M.   Cars’s highest import potential is China with an import gap of $327M.

See methodology.

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