2022
Exports
$304MWorld Rnk 63 / 160
Flag Rnk 177 / 1176
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$1.48BWorld Rnk 46 / 222
Flag Rnk 39 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $304M in Petroleum Gas, making it the 63rd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 177th most exported product in Vietnam. The main destination of Petroleum Gas exports from Vietnam are: Cambodia ($297M), Philippines ($5.75M), Malaysia ($696k), Burma ($309k), and Chinese Taipei ($242k).

The fastest growing export markets for Petroleum Gas of Vietnam between 2021 and 2022 were Cambodia ($132M), United Kingdom ($30k), and Germany ($14.2k).

Imports In 2022, Vietnam imported $1.48B in Petroleum Gas, becoming the 46th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 39th most imported product in Vietnam. Vietnam imports Petroleum Gas primarily from: China ($465M), Saudi Arabia ($211M), Kuwait ($139M), United States ($128M), and Qatar ($120M).

The fastest growing import markets in Petroleum Gas for Vietnam between 2021 and 2022 were Saudi Arabia ($147M), Kuwait ($38.9M), and Nigeria ($37.9M).

COMPANIES In 2023, leading companies such as Michael Kors (1) were at the forefront of shipping Petroleum Gas 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 Petroleum Gas. 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)$304M
IMPORTS (2022)$1.48B
NET TRADE (2022)-$1.17B

In 2022, Vietnam exported $304M in Petroleum Gas. The main destinations of Vietnam exports on Petroleum Gas were Cambodia ($297M), Philippines ($5.75M), Malaysia ($696k), Burma ($309k), and Chinese Taipei ($242k).

In 2022, Vietnam imported $1.48B in Petroleum Gas, mainly from China ($465M), Saudi Arabia ($211M), Kuwait ($139M), United States ($128M), and Qatar ($120M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$132M (80.3%)
Germany$14.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Vietnam WERE (2021 - 2022):
Philippines-$35.5M (-86.1%)
China-$7.9M (-100%)
Singapore-$4.25M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Petroleum Gas were:
In 2022, Vietnam's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $3.41M
N/AN/AN/A

Petroleum Gas’s highest export potential is Philippines. With an export gap of $3.41M.   Petroleum Gas’s highest import potential is N/A with an import gap of N/A.

See methodology.

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