2022
Exports
$5.42BWorld Rnk 33 / 226
Flag Rnk 12 / 96
2022
PRODUCT COMPLEXITY IN Cars, tractors, trucks & parts thereof.
1Rnk 170 / 1025
2022
Imports
$10.5BWorld Rnk 34 / 226
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $5.42B in Cars, tractors, trucks & parts thereof., making it the 33rd largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 12th most exported product in Vietnam. The main destination of Cars, tractors, trucks & parts thereof. exports from Vietnam are: United States ($1.17B), Japan ($561M), Thailand ($470M), China ($299M), and South Korea ($287M).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Vietnam between 2021 and 2022 were United States ($292M), Thailand ($105M), and Netherlands ($103M).

Imports In 2022, Vietnam imported $10.5B in Cars, tractors, trucks & parts thereof., becoming the 34th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 6th most imported product in Vietnam. Vietnam imports Cars, tractors, trucks & parts thereof. primarily from: China ($3.1B), Thailand ($1.92B), South Korea ($1.79B), Indonesia ($1.29B), and Japan ($878M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Vietnam between 2021 and 2022 were China ($445M), Indonesia ($359M), and South Korea ($165M).

COMPANIES In 2023, leading companies such as Tredit Tire & Wheel (153), Samsung (136), and YAMAHA CORPORATION OF AMERICA (24) were at the forefront of shipping Cars, tractors, trucks & parts thereof. 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 Cars, tractors, trucks & parts thereof.. 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)$5.42B
IMPORTS (2022)$10.5B
NET TRADE (2022)-$5.07B

In 2022, Vietnam exported $5.42B in Cars, tractors, trucks & parts thereof.. The main destinations of Vietnam exports on Cars, tractors, trucks & parts thereof. were United States ($1.17B), Japan ($561M), Thailand ($470M), China ($299M), and South Korea ($287M).

In 2022, Vietnam imported $10.5B in Cars, tractors, trucks & parts thereof., mainly from China ($3.1B), Thailand ($1.92B), South Korea ($1.79B), Indonesia ($1.29B), and Japan ($878M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars, tractors, trucks & parts thereof. EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$292M (33.1%)
Thailand$105M (28.6%)
Netherlands$103M (84.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars, tractors, trucks & parts thereof. BY Vietnam WERE (2021 - 2022):
Burma-$15.6M (-77.2%)
Laos-$11.5M (-26.4%)
Togo-$8.78M (-5.13%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Cars, tractors, trucks & parts thereof. were:
In 2022, Vietnam's main importing competitors in Cars, tractors, trucks & parts thereof. were:

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Trade Value of Cars, tractors, trucks & parts thereof. by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $559M
TOP IMPORT POTENTIALChina+ $1.36B

Cars, tractors, trucks & parts thereof.’s highest export potential is United States. With an export gap of $559M.   Cars, tractors, trucks & parts thereof.’s highest import potential is China with an import gap of $1.36B.

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