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Vietnam’s transportation exports surge in October, growth steady year-to-date

Vietnam’s exports of other means of transportation, along with parts and accessories, saw a sharp rise in October 2024, with export value reaching US$1.35 billion. This represents a 22.6 percent increase compared to September, which recorded US$1.10 billion, according to Vietnam’s General Department of Customs.

Year-to-date performance remains solid. From January to October, the sector’s exports totalled US$12.52 billion, a 5.9 percent increase compared to the same period in 2023.

The consistent year-to-date growth, coupled with October’s surge, underscores Vietnam’s expanding role in manufacturing and supplying transportation products. This sector continues to be a vital contributor to Vietnam’s export economy, with opportunities for further expansion driven by increasing global market demand and Vietnam’s growing production capabilities.

See also: Manufacturing in Vietnam: Ultimate Guide

Vietnam exports of other means of transport, parts, and accessories, October vs. September 2024, US$

October September MoM YTD
Total 1,347,047,429 1,098,924,020 22.58% 12,516,636,333
Other 130,606,007 99,827,515 30.83% 884,423,099
USA 265,645,584 230,804,463 15.10% 2,666,701,846
Japan 282,364,860 231,554,202 21.94% 2,467,221,875
South Korea 124,603,835 105,946,689 17.61% 1,323,406,103
Singapore 47,118,525 50,003,764 -5.77% 653,186,478
Thailand 56,086,511 39,620,343 41.56% 486,844,536
Indonesia 80,032,332 20,825,281 284.30% 353,034,531
Mexico 43,050,124 36,599,454 17.63% 344,768,166
China 37,098,420 25,367,457 46.24% 341,531,616
Canada 47,785,659 23,266,037 105.39% 318,960,106
Brazil 25,980,958 27,218,033 -4.55% 300,141,986
Italy 20,108,171 33,705,228 -40.34% 299,288,812
Netherlands 18,415,756 12,725,033 44.72% 270,826,494
India 17,122,360 14,311,677 19.64% 173,755,961
Philippines 21,585,742 19,988,817 7.99% 166,555,777
Germany 14,234,745 19,066,614 -25.34% 165,892,247
United Kingdom 26,140,120 9,749,239 168.12% 162,218,609
Malaysia 14,777,650 11,697,460 26.33% 146,375,501
Turkey 3,252,456 2,207,126 47.36% 130,025,892
Australia 10,287,309 6,666,842 54.31% 107,587,040
Taiwan 5,711,263 5,377,617 6.20% 101,124,286
Poland 7,588,868 6,881,050 10.29% 98,525,095
UAE 6,035,992 19,535,159 -69.10% 66,774,359
Spain 4,424,720 5,427,028 -18.47% 64,261,023
France 4,446,908 5,069,264 -12.28% 62,975,969
South Africa 3,088,386 2,638,708 17.04% 49,720,580
Laos 6,169,629 3,764,789 63.88% 37,530,545
Cambodia 3,830,910 10,217,351 -62.51% 36,727,034
Egypt 4,772,222 4,285,157 11.37% 33,760,812
Czech Republic 2,616,683 2,862,283 -8.58% 31,203,612
Greece 1,728,229 2,285,325 -24.38% 24,470,457
Chile 3,454,494 2,434,073 41.92% 24,341,387
Nigeria 0 41,927 -100.00% 17,148,787
Romania 1,191,797 1,880,947 -36.64% 15,260,439
Panama 78,582 224,302 -64.97% 11,016,662
Cyprus 333,279 303,484 9.82% 10,689,551
Switzerland 235,154 33,029 611.96% 10,593,602
Finland 549,061 1,104,571 -50.29% 8,568,237
Hungary 631,307 799,780 -21.06% 8,150,988
Norway 287,456 552,106 -47.93% 8,045,269
Saudi Arabia 1,430,284 216,841 559.60% 7,996,995
Colombia 225,349 599,617 -62.42% 6,868,541
Denmark 794,800 498,005 59.60% 5,205,155
Pakistan 603,152 325,224 85.46% 5,007,440
Kuwait 408,671 300,601 35.95% 4,251,932
Myanmar (Burma) 113,109 114,508 -1.22% 3,645,803
Senegal 25,098 0 0.00% 25,098