2023
Exports
$4.94BWorld Rnk 34 / 226
Flag Rnk 13 / 96
2023
PRODUCT COMPLEXITY IN Cars, tractors, trucks & parts thereof.
1.12Rnk 138 / 1025
2023
Imports
$6.29BWorld Rnk 49 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $4.94B in Cars, tractors, trucks & parts thereof., making it the 34th largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 13th most exported product in Vietnam. The main destination of Cars, tractors, trucks & parts thereof. exports from Vietnam are: United States ($1.02B), Japan ($659M), Thailand ($492M), China ($328M), and Germany ($296M).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Vietnam between 2022 and 2023 were Japan ($70.9M), Canada ($65.5M), and Turkey ($37.4M).

Imports In 2023, Vietnam imported $6.29B in Cars, tractors, trucks & parts thereof., becoming the 49th 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 ($2.33B), Thailand ($1.48B), Indonesia ($770M), Japan ($704M), and India ($233M).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Vietnam between 2022 and 2023 were Singapore ($41.4M), Slovakia ($6.48M), and Turkey ($5.87M).

COMPANIES In 2024, leading companies such as Samsung (211), Advance Auto Parts (87), and YAMAHA CORPORATION OF AMERICA (33) were at the forefront of shipping Cars, tractors, trucks & parts thereof. 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 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 (2023)$4.94B
IMPORTS (2023)$6.29B
NET TRADE (2023)-$1.35B

In 2023, Vietnam exported $4.94B in Cars, tractors, trucks & parts thereof.. The main destinations of Vietnam exports on Cars, tractors, trucks & parts thereof. were United States ($1.02B), Japan ($659M), Thailand ($492M), China ($328M), and Germany ($296M).

In 2023, Vietnam imported $6.29B in Cars, tractors, trucks & parts thereof., mainly from China ($2.33B), Thailand ($1.48B), Indonesia ($770M), Japan ($704M), and India ($233M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars, tractors, trucks & parts thereof. EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Japan$70.9M (12.1%)
Canada$65.5M (59.4%)
Turkey$37.4M (50.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars, tractors, trucks & parts thereof. BY Vietnam WERE (2022 - 2023):
South Korea-$281M (-100%)
United States-$227M (-18.2%)
Togo-$161M (-99%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Vietnam's main exporting competitors in Cars, tractors, trucks & parts thereof. were:
In 2023, 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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