Refined Petroleum in Vietnam | The Observatory of Economic Complexity

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Exports In 2022, Vietnam exported $1.34B in Refined Petroleum, making it the 56th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 48th most exported product in Vietnam. The main destination of Refined Petroleum exports from Vietnam are: Cambodia ($668M), Singapore ($187M), China ($152M), Laos ($126M), and South Korea ($81.3M).

The fastest growing export markets for Refined Petroleum of Vietnam between 2021 and 2022 were Cambodia ($272M), Laos ($102M), and China ($69.8M).

Imports In 2022, Vietnam imported $9.7B in Refined Petroleum, becoming the 30th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Vietnam. Vietnam imports Refined Petroleum primarily from: South Korea ($3.67B), Singapore ($1.69B), Malaysia ($1.3B), Thailand ($1.2B), and China ($1.05B).

The fastest growing import markets in Refined Petroleum for Vietnam between 2021 and 2022 were South Korea ($2.53B), Singapore ($798M), and China ($698M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (294), HOME DEPOT, U. S. A., INC. (88), and RTG FURNITURE CORPORATION (39) were at the forefront of shipping Refined Petroleum from Vietnam to the United States.

Feb 2024

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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 Refined 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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Year

EXPORTS (2022)$1.34B

IMPORTS (2022)$9.7B

NET TRADE (2022)-$8.36B

In 2022, Vietnam exported $1.34B in Refined Petroleum. The main destinations of Vietnam exports on Refined Petroleum were Cambodia ($668M), Singapore ($187M), China ($152M), Laos ($126M), and South Korea ($81.3M).

In 2022, Vietnam imported $9.7B in Refined Petroleum, mainly from South Korea ($3.67B), Singapore ($1.69B), Malaysia ($1.3B), Thailand ($1.2B), and China ($1.05B).