2022
Exports
$122MWorld Rnk 30 / 180
Flag Rnk 279 / 1176
2022
PRODUCT COMPLEXITY IN Spark-Ignition Engines
1.15Rnk 117 / 1025
2022
Imports
$558MWorld Rnk 17 / 222
Flag Rnk 129 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $122M in Spark-Ignition Engines, making it the 30th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 279th most exported product in Vietnam. The main destination of Spark-Ignition Engines exports from Vietnam are: United States ($41.6M), Italy ($36.8M), Japan ($31.2M), Thailand ($9.57M), and Malaysia ($2.19M).

The fastest growing export markets for Spark-Ignition Engines of Vietnam between 2021 and 2022 were United States ($30.3M), Italy ($10.8M), and Thailand ($9.53M).

Imports In 2022, Vietnam imported $558M in Spark-Ignition Engines, becoming the 17th largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 129th most imported product in Vietnam. Vietnam imports Spark-Ignition Engines primarily from: China ($195M), Indonesia ($86.2M), Thailand ($79.1M), United States ($45.2M), and India ($35.4M).

The fastest growing import markets in Spark-Ignition Engines for Vietnam between 2021 and 2022 were United States ($41.1M), Indonesia ($14.5M), and India ($13.2M).

COMPANIES In 2023, leading companies such as BOEING (8) and Walmart (2) were at the forefront of shipping Spark-Ignition Engines 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 Spark-Ignition Engines. 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)$122M
IMPORTS (2022)$558M
NET TRADE (2022)-$435M

In 2022, Vietnam exported $122M in Spark-Ignition Engines. The main destinations of Vietnam exports on Spark-Ignition Engines were United States ($41.6M), Italy ($36.8M), Japan ($31.2M), Thailand ($9.57M), and Malaysia ($2.19M).

In 2022, Vietnam imported $558M in Spark-Ignition Engines, mainly from China ($195M), Indonesia ($86.2M), Thailand ($79.1M), United States ($45.2M), and India ($35.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$30.3M (268%)
Italy$10.8M (41.7%)
Thailand$9.53M (27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY Vietnam WERE (2021 - 2022):
Canada-$1.36M (-100%)
China-$1.32M (-85.2%)
South Korea-$213k (-59.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Spark-Ignition Engines were:
In 2022, Vietnam's main importing competitors in Spark-Ignition Engines were:

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Trade Value of Spark-Ignition Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.2M
TOP IMPORT POTENTIALChina+ $53.1M

Spark-Ignition Engines’s highest export potential is United States. With an export gap of $24.2M.   Spark-Ignition Engines’s highest import potential is China with an import gap of $53.1M.

See methodology.

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