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2023
Exports $286kWorld Rnk 62 / 125
Flag Rnk 961 / 1173
2023
Destination $18k Cambodia
2022 - 2023
FASTEST GROWING MARKET $18kPhilippines
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.77Rnk 776 / 1025
2023
Imports $1.48MWorld Rnk 61 / 188
Flag Rnk 1024 / 1199
2023
Origin $149k Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $149kChina
2023
ECONOMIC COMPLEXITY of Vietnam0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $286k in Bitumen and asphalt, making it the 62nd largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 961st most exported product in Vietnam. The main destination of Bitumen and asphalt exports from Vietnam are: Cambodia ($268k) and Philippines ($18k).

The fastest growing export markets for Bitumen and asphalt of Vietnam between 2022 and 2023 were Philippines ($18k).

Imports In 2023, Vietnam imported $1.48M in Bitumen and asphalt, becoming the 61st largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 1024th most imported product in Vietnam. Vietnam imports Bitumen and asphalt primarily from: Chinese Taipei ($1.17M), China ($213k), United States ($59.9k), Malaysia ($15.4k), and Singapore ($13.5k).

The fastest growing import markets in Bitumen and asphalt for Vietnam between 2022 and 2023 were China ($149k) and Finland ($16).

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 Bitumen and asphalt. 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)$286k
IMPORTS (2023)$1.48M
NET TRADE (2023)-$1.19M

In 2023, Vietnam exported $286k in Bitumen and asphalt. The main destinations of Vietnam exports on Bitumen and asphalt were Cambodia ($268k) and Philippines ($18k).

In 2023, Vietnam imported $1.48M in Bitumen and asphalt, mainly from Chinese Taipei ($1.17M), China ($213k), United States ($59.9k), Malaysia ($15.4k), and Singapore ($13.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):Philippines$18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Vietnam WERE (2022 - 2023):
Laos-$1.06M (-100%)
Cambodia-$221k (-45.2%)
Malaysia-$71k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Bitumen and asphalt were:
United States $131M
Iraq $114M
Bahrain $52.7M
In 2023, Vietnam's main importing competitors in Bitumen and asphalt were:
United Arab Emirates $140M
France $123M
Uruguay $60.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCambodia+ $44.1k
TOP IMPORT POTENTIALUnited States+ $308k

Bitumen and asphalt’s highest export potential is Cambodia. With an export gap of $44.1k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $308k.

See methodology.

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