2023
Exports
$2.17BWorld Rnk 9 / 212
Flag Rnk 32 / 1173
2023
PRODUCT COMPLEXITY IN Electric Batteries
1.17Rnk 118 / 1025
2023
Imports
$3.87BWorld Rnk 11 / 224
Flag Rnk 8 / 1199
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $2.17B in Electric Batteries, making it the 9th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 32nd most exported product in Vietnam. The main destination of Electric Batteries exports from Vietnam are: United States ($726M), India ($146M), Australia ($123M), Japan ($118M), and China ($94.9M).

The fastest growing export markets for Electric Batteries of Vietnam between 2022 and 2023 were India ($76.2M), Australia ($49.1M), and Hungary ($35.6M).

Imports In 2023, Vietnam imported $3.87B in Electric Batteries, becoming the 11th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 8th most imported product in Vietnam. Vietnam imports Electric Batteries primarily from: China ($3.54B), Hong Kong ($145M), Chinese Taipei ($40M), Malaysia ($29.1M), and Germany ($27.7M).

The fastest growing import markets in Electric Batteries for Vietnam between 2022 and 2023 were China ($610M), Chinese Taipei ($26.6M), and Singapore ($11.6M).

COMPANIES In 2024, leading companies such as YAMAHA CORPORATION OF AMERICA (1) and Amazon (1) were at the forefront of shipping Electric 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 Electric 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)$2.17B
IMPORTS (2023)$3.87B
NET TRADE (2023)-$1.7B

In 2023, Vietnam exported $2.17B in Electric Batteries. The main destinations of Vietnam exports on Electric Batteries were United States ($726M), India ($146M), Australia ($123M), Japan ($118M), and China ($94.9M).

In 2023, Vietnam imported $3.87B in Electric Batteries, mainly from China ($3.54B), Hong Kong ($145M), Chinese Taipei ($40M), Malaysia ($29.1M), and Germany ($27.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
India$76.2M (109%)
Australia$49.1M (66.3%)
Hungary$35.6M (817%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Vietnam WERE (2022 - 2023):
United States-$92M (-11.2%)
South Korea-$86.4M (-100%)
Romania-$85.4M (-78.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $184M
TOP IMPORT POTENTIALChina+ $675M

Electric Batteries’s highest export potential is China. With an export gap of $184M.   Electric Batteries’s highest import potential is China with an import gap of $675M.

See methodology.

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