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Exports In 2022, Vietnam exported $2.03B in Petroleum oils, oils from bituminous minerals, crude, making it the 37th largest exporter of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 28th most exported product in Vietnam. The main destination of Petroleum oils, oils from bituminous minerals, crude exports from Vietnam are: Thailand ($714M), Australia ($466M), Japan ($359M), China ($212M), and Malaysia ($126M).

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

Imports In 2022, Vietnam imported $6.17B in Petroleum oils, oils from bituminous minerals, crude, becoming the 28th largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 5th most imported product in Vietnam. Vietnam imports Petroleum oils, oils from bituminous minerals, crude primarily from: Kuwait ($5.44B), Azerbaijan ($491M), Malaysia ($130M), United States ($92.5M), and Australia ($12.5M).

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

COMPANIES In 2023, leading companies such as Old Navy (6.48k), Sailun Tire (5.96k), and LG Electronics (5.75k) were at the forefront of shipping Petroleum oils, oils from bituminous minerals, crude from Vietnam to the United States.

Latest Trends

Nov 2024

Subnational Monthly Trade

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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 oils, oils from bituminous minerals, crude. 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 Petroleum oils, oils from bituminous minerals, crude. The main destinations of Vietnam exports on Petroleum oils, oils from bituminous minerals, crude were Thailand ($714M), Australia ($466M), Japan ($359M), China ($212M), and Malaysia ($126M).

In 2022, Vietnam imported $6.17B in Petroleum oils, oils from bituminous minerals, crude, 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 Petroleum oils, oils from bituminous minerals, crude 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 Petroleum oils, oils from bituminous minerals, crude 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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In 2022, Vietnam's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
In 2022, Vietnam's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:

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Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

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