Thailand holds largest share of Vietnamese car imports in 2021

21-Jan-2022 Intellasia | VOV | 5:02 AM Print This Post

Statistics compiled by the general Department of Vietnam Customs reveal that Thailand continued to dominate Vietnamese car imports last year.

Despite the complicated development of the COVID-19 pandemic greatly impacting the domestic auto market, the number of completely built-up (CBU) units exported into Vietnam remained high, 1.5 times higher than the figure seen in 2020.

Most notably, December 2021, saw the country import 15,196 cars worth $432.65 million. The number of imported cars reached a total of 160,035 units, costing $3.66 billion for the entirety of 2021, a rise of 52.1 percent in volume and 55.7 percent in value compared to 2020.

Thailand, Indonesia, and China represent the top three suppliers of those products in the Vietnamese market with 147,906 cars, accounting for 92.4 percent of the total amount of imported cars.

The country imported 80,903 cars from Thailand valued at $1.5 billion, making up half of its total car imports.

Elsewhere, Indonesia ranked second with 44,250 cars worth $559.5 million, whilst third place went to China with 22,753 cars valued at $873 million.

Similar to imports, car sales in Vietnam recorded considerable growth. Indeed, last year there were 299,800 domestically assembled cars, marking an annual increase of 9.1%.


Category: Economy, Vietnam

Print This Post

Comments are closed.