2023
Exports
$139MWorld Rnk 67 / 163
Flag Rnk 240 / 1173
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$554MWorld Rnk 60 / 220
Flag Rnk 114 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $139M in Petroleum Gas, making it the 67th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 240th most exported product in Vietnam. The main destination of Petroleum Gas exports from Vietnam are: Cambodia ($122M), Malaysia ($14.8M), China ($1.24M), Chinese Taipei ($797k), and Thailand ($181k).

The fastest growing export markets for Petroleum Gas of Vietnam between 2022 and 2023 were Malaysia ($14.1M), China ($1.24M), and Chinese Taipei ($584k).

Imports In 2023, Vietnam imported $554M in Petroleum Gas, becoming the 60th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 114th most imported product in Vietnam. Vietnam imports Petroleum Gas primarily from: China ($185M), Malaysia ($101M), Brunei ($98.2M), Qatar ($78.7M), and Indonesia ($31.6M).

The fastest growing import markets in Petroleum Gas for Vietnam between 2022 and 2023 were Malaysia ($40.5M), Oman ($7.38M), and Hong Kong ($181k).

Latest Trends

Dec 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 Petroleum Gas. 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)$139M
IMPORTS (2023)$554M
NET TRADE (2023)-$415M

In 2023, Vietnam exported $139M in Petroleum Gas. The main destinations of Vietnam exports on Petroleum Gas were Cambodia ($122M), Malaysia ($14.8M), China ($1.24M), Chinese Taipei ($797k), and Thailand ($181k).

In 2023, Vietnam imported $554M in Petroleum Gas, mainly from China ($185M), Malaysia ($101M), Brunei ($98.2M), Qatar ($78.7M), and Indonesia ($31.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Malaysia$14.1M (2.09k%)
China$1.24M (1%)
Chinese Taipei$584k (274%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Vietnam WERE (2022 - 2023):
Cambodia-$186M (-60.4%)
Philippines-$5.95M (-99%)
Burma-$315k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Petroleum Gas were:
In 2023, Vietnam's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $3.41M
TOP IMPORT POTENTIALUnited States+ $126M

Petroleum Gas’s highest export potential is Philippines. With an export gap of $3.41M.   Petroleum Gas’s highest import potential is United States with an import gap of $126M.

See methodology.

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