Crude Petroleum in Vietnam | The Observatory of Economic Complexity

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Exports In 2022, Vietnam exported $2.03B in Crude Petroleum, making it the 37th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 37th most exported product in Vietnam. The main destination of Crude Petroleum exports from Vietnam are: Thailand ($714M), Australia ($466M), Japan ($359M), China ($212M), and Malaysia ($126M).

The fastest growing export markets for Crude Petroleum of Vietnam between 2021 and 2022 were Japan ($211M), Thailand ($170M), and Australia ($162M).

Imports In 2022, Vietnam imported $6.17B in Crude Petroleum, becoming the 28th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 7th most imported product in Vietnam. Vietnam imports Crude Petroleum primarily from: Kuwait ($5.44B), Azerbaijan ($491M), Malaysia ($130M), United States ($92.5M), and Australia ($12.5M).

The fastest growing import markets in Crude Petroleum for Vietnam between 2021 and 2022 were Kuwait ($1.49B), Azerbaijan ($418M), and Malaysia ($130M).

Mar 2024

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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 Crude Petroleum. Countries are shown based on data availability.

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

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Year

EXPORTS (2022)$2.03B

IMPORTS (2022)$6.17B

NET TRADE (2022)-$4.14B

In 2022, Vietnam exported $2.03B in Crude Petroleum. The main destinations of Vietnam exports on Crude Petroleum were Thailand ($714M), Australia ($466M), Japan ($359M), China ($212M), and Malaysia ($126M).

In 2022, Vietnam imported $6.17B in Crude Petroleum, mainly from Kuwait ($5.44B), Azerbaijan ($491M), Malaysia ($130M), United States ($92.5M), and Australia ($12.5M).