2022
Exports
$1.91BWorld Rnk 29 / 226
Flag Rnk 39 / 1176
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$3.28BWorld Rnk 31 / 225
Flag Rnk 17 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.91B in Motor vehicles; parts and accessories (8701 to 8705), making it the 29th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 39th most exported product in Vietnam. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Vietnam are: United States ($449M), Japan ($406M), China ($218M), South Korea ($194M), and Mexico ($168M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Vietnam between 2021 and 2022 were United States ($67.6M), South Korea ($37.1M), and Indonesia ($30M).

Imports In 2022, Vietnam imported $3.28B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 31st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 17th most imported product in Vietnam. Vietnam imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: South Korea ($1.13B), China ($690M), Thailand ($466M), Japan ($294M), and India ($266M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Vietnam between 2021 and 2022 were South Korea ($263M), China ($194M), and Thailand ($88.3M).

COMPANIES In 2023, leading companies such as Tredit Tire & Wheel (115), Sailun Tire (22), and Sutong (22) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$1.91B
IMPORTS (2022)$3.28B
NET TRADE (2022)-$1.38B

In 2022, Vietnam exported $1.91B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Vietnam exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($449M), Japan ($406M), China ($218M), South Korea ($194M), and Mexico ($168M).

In 2022, Vietnam imported $3.28B in Motor vehicles; parts and accessories (8701 to 8705), mainly from South Korea ($1.13B), China ($690M), Thailand ($466M), Japan ($294M), and India ($266M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$67.6M (17.7%)
South Korea$37.1M (23.7%)
Indonesia$30M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Vietnam WERE (2021 - 2022):
Slovakia-$7.58M (-73.5%)
Argentina-$1.34M (-78.7%)
Poland-$963k (-12.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Vietnam's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $319M
TOP IMPORT POTENTIALChina+ $556M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is China. With an export gap of $319M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $556M.

See methodology.

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