2023
Exports
$277MWorld Rnk 14 / 165
Flag Rnk 167 / 1173
2023
PRODUCT COMPLEXITY IN Hydrogen
-0.073Rnk 582 / 1025
2023
Imports
$1.13BWorld Rnk 4 / 217
Flag Rnk 43 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $277M in Hydrogen, making it the 14th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 167th most exported product in Vietnam. The main destination of Hydrogen exports from Vietnam are: Japan ($101M), India ($91.6M), Chinese Taipei ($29.5M), Germany ($11.5M), and Italy ($9.69M).

The fastest growing export markets for Hydrogen of Vietnam between 2022 and 2023 were China ($1.52M), United Kingdom ($1.21M), and Brazil ($68.5k).

Imports In 2023, Vietnam imported $1.13B in Hydrogen, becoming the 4th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 43rd most imported product in Vietnam. Vietnam imports Hydrogen primarily from: United States ($459M), Germany ($396M), China ($158M), Malaysia ($107M), and Singapore ($2.56M).

The fastest growing import markets in Hydrogen for Vietnam between 2022 and 2023 were Germany ($229M), China ($104M), and Malaysia ($88.5M).

COMPANIES In 2024, leading companies such as Reebok (1) were at the forefront of shipping Hydrogen 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 Hydrogen. 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)$277M
IMPORTS (2023)$1.13B
NET TRADE (2023)-$851M

In 2023, Vietnam exported $277M in Hydrogen. The main destinations of Vietnam exports on Hydrogen were Japan ($101M), India ($91.6M), Chinese Taipei ($29.5M), Germany ($11.5M), and Italy ($9.69M).

In 2023, Vietnam imported $1.13B in Hydrogen, mainly from United States ($459M), Germany ($396M), China ($158M), Malaysia ($107M), and Singapore ($2.56M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
China$1.52M (228%)
United Kingdom$1.21M (45.1%)
Brazil$68.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Vietnam WERE (2022 - 2023):
India-$146M (-61.4%)
South Korea-$97.8M (-100%)
Japan-$87.8M (-46.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Hydrogen were:
In 2023, Vietnam's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.3M
TOP IMPORT POTENTIALChina+ $48.5M

Hydrogen’s highest export potential is Germany. With an export gap of $13.3M.   Hydrogen’s highest import potential is China with an import gap of $48.5M.

See methodology.

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