2021
Exports | Imports
$980M | $4.76BWorld Rnk 56 / 218
Flag Rnk 59 / 1178
World Rnk 42 / 226
Flag Rnk 5 / 1206
2021
ECONOMIC COMPLEXITY of Vietnam
0.1Rnk 58 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Vietnam exported $980M in Refined Petroleum, making it the 56th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 59th most exported product in Vietnam. The main destination of Refined Petroleum exports from Vietnam are: Cambodia ($396M), Singapore ($220M), Malaysia ($160M), China ($82.6M), and South Korea ($35.8M).

The fastest growing export markets for Refined Petroleum of Vietnam between 2020 and 2021 were Singapore ($160M), Cambodia ($135M), and Malaysia ($79.1M).

Imports In 2021, Vietnam imported $4.76B in Refined Petroleum, becoming the 42nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Vietnam. Vietnam imports Refined Petroleum primarily from: Malaysia ($1.26B), South Korea ($1.13B), Singapore ($893M), Thailand ($764M), and China ($359M).

The fastest growing import markets in Refined Petroleum for Vietnam between 2020 and 2021 were Malaysia ($390M), Thailand ($276M), and Singapore ($234M).

Latest Trends

Dec 2023

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 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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Historical Data

Trade Balance

Color
EXPORTS (2021)$980M
IMPORTS (2021)$4.76B
NET TRADE (2021)-$3.78B

In 2021, Vietnam exported $980M in Refined Petroleum. The main destinations of Vietnam exports on Refined Petroleum were Cambodia ($396M), Singapore ($220M), Malaysia ($160M), China ($82.6M), and South Korea ($35.8M).

In 2021, Vietnam imported $4.76B in Refined Petroleum, mainly from Malaysia ($1.26B), South Korea ($1.13B), Singapore ($893M), Thailand ($764M), and China ($359M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Vietnam WERE (2020 - 2021):
Singapore$160M (266%)
Cambodia$135M (51.7%)
Malaysia$79.1M (97.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Vietnam WERE (2020 - 2021):
Philippines-$31.8M (-80.8%)
China-$19.1M (-18.7%)
Russia-$10.1M (-99.4%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Vietnam's main exporting competitors in Refined Petroleum were:
In 2021, Vietnam's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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