2023
Exports
$111MWorld Rnk 16 / 189
Flag Rnk 267 / 1173
2023
PRODUCT COMPLEXITY IN Batteries
0.58Rnk 335 / 1025
2023
Imports
$99.9MWorld Rnk 25 / 223
Flag Rnk 378 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $111M in Batteries, making it the 16th largest exporter of Batteries in the world. At the same year, Batteries was the 267th most exported product in Vietnam. The main destination of Batteries exports from Vietnam are: Philippines ($34M), United States ($26.7M), Germany ($11.7M), Malaysia ($10.2M), and China ($7.37M).

The fastest growing export markets for Batteries of Vietnam between 2022 and 2023 were Philippines ($26.2M), India ($5.23M), and Germany ($5.15M).

Imports In 2023, Vietnam imported $99.9M in Batteries, becoming the 25th largest importer of Batteries in the world. At the same year, Batteries was the 378th most imported product in Vietnam. Vietnam imports Batteries primarily from: China ($45.6M), Hong Kong ($27.7M), Indonesia ($13.3M), Singapore ($6.13M), and Chinese Taipei ($1.7M).

The fastest growing import markets in Batteries for Vietnam between 2022 and 2023 were Hong Kong ($27.4M), Singapore ($771k), and United States ($460k).

COMPANIES In 2024, leading companies such as Stanley Black & Decker (25), Samsung (4), and YAMAHA CORPORATION OF AMERICA (1) were at the forefront of shipping Batteries 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 Batteries. 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)$111M
IMPORTS (2023)$99.9M
NET TRADE (2023)$10.7M

In 2023, Vietnam exported $111M in Batteries. The main destinations of Vietnam exports on Batteries were Philippines ($34M), United States ($26.7M), Germany ($11.7M), Malaysia ($10.2M), and China ($7.37M).

In 2023, Vietnam imported $99.9M in Batteries, mainly from China ($45.6M), Hong Kong ($27.7M), Indonesia ($13.3M), Singapore ($6.13M), and Chinese Taipei ($1.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Batteries EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Philippines$26.2M (336%)
India$5.23M (288%)
Germany$5.15M (79%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY Vietnam WERE (2022 - 2023):
Malaysia-$2.2M (-17.8%)
Cambodia-$1.98M (-99.6%)
Hong Kong-$1.61M (-92%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Batteries were:
In 2023, Vietnam's main importing competitors in Batteries were:

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Trade Value of Batteries by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $7.8M
TOP IMPORT POTENTIALChina+ $23.9M

Batteries’s highest export potential is China. With an export gap of $7.8M.   Batteries’s highest import potential is China with an import gap of $23.9M.

See methodology.

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