2022
Exports | Imports
$2.03B | $6.17BWorld Rnk 37 / 149
Flag Rnk 37 / 1176
World Rnk 28 / 158
Flag Rnk 7 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.062Rnk 60 / 124
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.44Rnk 1015 / 1025

About

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).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Vietnam to the United States.

Latest Trends

Feb 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 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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Historical Data

Trade Balance

Color
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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$211M (142%)
Thailand$170M (31.4%)
Australia$162M (53.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Vietnam WERE (2021 - 2022):
Singapore-$197M (-69.8%)
Switzerland-$78M (-100%)
Laos-$31.7M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

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