2022
Exports
$9.63MWorld Rnk 56 / 152
Flag Rnk 655 / 1176
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$123MWorld Rnk 35 / 217
Flag Rnk 372 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $9.63M in Buses, making it the 56th largest exporter of Buses in the world. At the same year, Buses was the 655th most exported product in Vietnam. The main destination of Buses exports from Vietnam are: United Arab Emirates ($5.02M), South Korea ($3.48M), Burma ($702k), Qatar ($226k), and Saudi Arabia ($100k).

The fastest growing export markets for Buses of Vietnam between 2021 and 2022 were United Arab Emirates ($5.02M), South Korea ($2.43M), and Burma ($702k).

Imports In 2022, Vietnam imported $123M in Buses, becoming the 35th largest importer of Buses in the world. At the same year, Buses was the 372nd most imported product in Vietnam. Vietnam imports Buses primarily from: China ($59.8M), Russia ($40.2M), South Korea ($22M), United Arab Emirates ($985k), and Japan ($119k).

The fastest growing import markets in Buses for Vietnam between 2021 and 2022 were China ($40.5M), Russia ($37M), and South Korea ($20.3M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (3), Fred Meyer (2), and Walmart (2) were at the forefront of shipping Buses from Vietnam to the United States.

Latest Trends

Jul 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 Buses. 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)$9.63M
IMPORTS (2022)$123M
NET TRADE (2022)-$113M

In 2022, Vietnam exported $9.63M in Buses. The main destinations of Vietnam exports on Buses were United Arab Emirates ($5.02M), South Korea ($3.48M), Burma ($702k), Qatar ($226k), and Saudi Arabia ($100k).

In 2022, Vietnam imported $123M in Buses, mainly from China ($59.8M), Russia ($40.2M), South Korea ($22M), United Arab Emirates ($985k), and Japan ($119k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$2.43M (231%)
Burma$702k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Vietnam WERE (2021 - 2022):
Thailand-$5.62M (-100%)
Philippines-$437k (-83%)
Japan-$103k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Vietnam's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $216k
TOP IMPORT POTENTIALChina+ $22.7M

Buses’s highest export potential is Philippines. With an export gap of $216k.   Buses’s highest import potential is China with an import gap of $22.7M.

See methodology.

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