2022
Exports
$744MWorld Rnk 8 / 165
Flag Rnk 89 / 1176
2022
PRODUCT COMPLEXITY IN Hydrogen
0.11Rnk 521 / 1025
2022
Imports
$752MWorld Rnk 7 / 213
Flag Rnk 94 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $744M in Hydrogen, making it the 8th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 89th most exported product in Vietnam. The main destination of Hydrogen exports from Vietnam are: India ($219M), Japan ($182M), South Korea ($93.7M), Chinese Taipei ($67M), and Italy ($53.3M).

The fastest growing export markets for Hydrogen of Vietnam between 2021 and 2022 were Japan ($90.4M), India ($76.7M), and South Korea ($52.2M).

Imports In 2022, Vietnam imported $752M in Hydrogen, becoming the 7th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 94th most imported product in Vietnam. Vietnam imports Hydrogen primarily from: United States ($477M), Germany ($171M), China ($54.4M), Malaysia ($21.4M), and South Korea ($10.7M).

The fastest growing import markets in Hydrogen for Vietnam between 2021 and 2022 were United States ($368M), Germany ($158M), and China ($32.2M).

COMPANIES In 2023, leading companies such as Medical Depot (2) and Reebok (1) were at the forefront of shipping Hydrogen 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 Hydrogen. 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)$744M
IMPORTS (2022)$752M
NET TRADE (2022)-$7.2M

In 2022, Vietnam exported $744M in Hydrogen. The main destinations of Vietnam exports on Hydrogen were India ($219M), Japan ($182M), South Korea ($93.7M), Chinese Taipei ($67M), and Italy ($53.3M).

In 2022, Vietnam imported $752M in Hydrogen, mainly from United States ($477M), Germany ($171M), China ($54.4M), Malaysia ($21.4M), and South Korea ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Japan$90.4M (98.8%)
India$76.7M (54%)
South Korea$52.2M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Vietnam WERE (2021 - 2022):
Malaysia-$4.63M (-82.5%)
China-$3.39M (-86.1%)
Hong Kong-$221k (-75.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Hydrogen were:
In 2022, Vietnam's main importing competitors in Hydrogen were:
China $3.46B
Japan $1.98B
Germany $1.73B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.3M
TOP IMPORT POTENTIALChina+ $48.5M

Hydrogen’s highest export potential is Germany. With an export gap of $13.3M.   Hydrogen’s highest import potential is China with an import gap of $48.5M.

See methodology.

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