2023
Exports
$200MWorld Rnk 28 / 188
Flag Rnk 205 / 1173
2023
PRODUCT COMPLEXITY IN Spark-Ignition Engines
1.24Rnk 94 / 1025
2023
Imports
$303MWorld Rnk 33 / 220
Flag Rnk 184 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $200M in Spark-Ignition Engines, making it the 28th largest exporter of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 205th most exported product in Vietnam. The main destination of Spark-Ignition Engines exports from Vietnam are: Italy ($76.3M), Thailand ($74.6M), United States ($31.2M), Japan ($15.5M), and Malaysia ($2.27M).

The fastest growing export markets for Spark-Ignition Engines of Vietnam between 2022 and 2023 were Thailand ($54.9M), Italy ($35.9M), and Australia ($113k).

Imports In 2023, Vietnam imported $303M in Spark-Ignition Engines, becoming the 33rd largest importer of Spark-Ignition Engines in the world. At the same year, Spark-Ignition Engines was the 184th most imported product in Vietnam. Vietnam imports Spark-Ignition Engines primarily from: China ($107M), Thailand ($63.7M), Indonesia ($53.5M), India ($28.7M), and Germany ($19.3M).

The fastest growing import markets in Spark-Ignition Engines for Vietnam between 2022 and 2023 were New Zealand ($104k), United Kingdom ($21.2k), and Australia ($16.5k).

COMPANIES In 2024, leading companies such as BOEING (21) were at the forefront of shipping Spark-Ignition Engines from Vietnam to the United States.

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 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 (2023)$200M
IMPORTS (2023)$303M
NET TRADE (2023)-$103M

In 2023, Vietnam exported $200M in Spark-Ignition Engines. The main destinations of Vietnam exports on Spark-Ignition Engines were Italy ($76.3M), Thailand ($74.6M), United States ($31.2M), Japan ($15.5M), and Malaysia ($2.27M).

In 2023, Vietnam imported $303M in Spark-Ignition Engines, mainly from China ($107M), Thailand ($63.7M), Indonesia ($53.5M), India ($28.7M), and Germany ($19.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spark-Ignition Engines EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Thailand$54.9M (279%)
Italy$35.9M (89%)
Australia$113k (685%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spark-Ignition Engines BY Vietnam WERE (2022 - 2023):
Japan-$15.5M (-49.9%)
United States-$11.4M (-26.7%)
Singapore-$535k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Spark-Ignition Engines were:
In 2023, 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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