2023
Exports
$238MWorld Rnk 51 / 210
Flag Rnk 184 / 1173
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$2.06BWorld Rnk 59 / 225
Flag Rnk 22 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $238M in Cars, making it the 51st largest exporter of Cars in the world. At the same year, Cars was the 184th most exported product in Vietnam. The main destination of Cars exports from Vietnam are: United States ($140M), Canada ($66.7M), Spain ($9.25M), Germany ($7.65M), and United Kingdom ($5.35M).

The fastest growing export markets for Cars of Vietnam between 2022 and 2023 were Canada ($59.5M), Burma ($1.2M), and Bahrain ($1.05M).

Imports In 2023, Vietnam imported $2.06B in Cars, becoming the 59th largest importer of Cars in the world. At the same year, Cars was the 22nd most imported product in Vietnam. Vietnam imports Cars primarily from: Thailand ($868M), Indonesia ($452M), China ($271M), Japan ($180M), and United States ($80.7M).

The fastest growing import markets in Cars for Vietnam between 2022 and 2023 were China ($118M), Japan ($68.8M), and Singapore ($28.9M).

COMPANIES In 2024, leading companies such as Samsung (66), Cooper Lighting Solutions (26), and ASOS (17) were at the forefront of shipping Cars from Vietnam to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 (2023)$238M
IMPORTS (2023)$2.06B
NET TRADE (2023)-$1.82B

In 2023, Vietnam exported $238M in Cars. The main destinations of Vietnam exports on Cars were United States ($140M), Canada ($66.7M), Spain ($9.25M), Germany ($7.65M), and United Kingdom ($5.35M).

In 2023, Vietnam imported $2.06B in Cars, mainly from Thailand ($868M), Indonesia ($452M), China ($271M), Japan ($180M), and United States ($80.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Canada$59.5M (829%)
Burma$1.2M (101%)
Bahrain$1.05M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Vietnam WERE (2022 - 2023):
United States-$118M (-45.6%)
United Kingdom-$2.15M (-28.7%)
Pakistan-$2.08M (-74.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, 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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