Viet Nam's fuel exports (% of merchandise exports) was 0.95% in 2023, the latest year in the World Bank's World Development Indicators. That is down 6.38 percentage points from 7.34% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.95% | 2023 |
| Five years earlier | 1.61% | 2018 |
| Ten years earlier | 7.34% | 2013 |
| Highest | 26.41% | 2000 |
| Lowest | 0.95% | 2020 |
| Average since 2014 | 2.06% | 2014–2023 |
| First recorded | 17.96% | 1997 |
What the numbers say
In 2023, Viet Nam's fuel exports (% of merchandise exports) fell 0.21 percentage points on 2022 (from 1.17% to 0.95%).
Across the 25 yearly changes before that (1998 to 2022), the average change was −0.67 percentage points and a typical year strayed about 2.62 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 5.92 percentage points in 2000 and the biggest yearly fall was 5.27 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is downward, about 0.42 percentage points a year. A straight line explains 64% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Viet Nam had the 14th highest value of the 23 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Viet Nam | 0.95% | 2023 |
| World | 9.47% | 2025 |
| East Asia & Pacific | 4.21% | 2025 |
| Upper middle income | 5.17% | 2025 |
Closest to Viet Nam in the 2023 ranking
What this measures
Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.
Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 27 values
| Year | Fuel exports (% of merchandise exports) |
|---|---|
| 2023 | 0.9529 |
| 2022 | 1.17 |
| 2021 | 0.9796 |
| 2020 | 0.9485 |
| 2019 | 1.38 |
| 2018 | 1.61 |
| 2017 | 2.25 |
| 2016 | 2.03 |
| 2015 | 3.08 |
| 2014 | 6.15 |
| 2013 |
Fuel exports (% of merchandise exports) in nearby economies
- Australia — 26.89% (2025)
- Brunei Darussalam — 74.98% (2025)
- Cambodia — 0.000001% (2024)
- China — 1.36% (2025)
- Fiji — 0.11% (2025)
- French Polynesia — 0.03% (2022)
- Hong Kong SAR, China — 0.08% (2025)
- Indonesia — 16.01% (2025)
- Japan — 1.18% (2025)
- Kiribati — 0.02% (2021)
More private sector & trade data for Viet Nam
- Merchandise imports (current US$) — US$453.78 billion (2025)
- Merchandise exports (current US$) — US$472.93 billion (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 48.05% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
- Merchandise imports by the reporting economy (current US$) — US$318.47 billion (2023)
- Merchandise exports to high-income economies (% of total merchandise exports) — 66.93% (2023)
- Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)
- Merchandise exports by the reporting economy (current US$)
Reading data like this
Questions people ask
- What is Viet Nam's fuel exports (% of merchandise exports)?
- 0.95% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is down 17.01 percentage points from 17.96% in 1997. The highest value was 26.41% in 2000 and the lowest 0.95% in 2020.
- How does Viet Nam rank?
- 14th highest of 23 economies with data for 2023.
- Is the latest change in fuel exports (% of merchandise exports) unusual for Viet Nam?
- In 2023, Viet Nam's fuel exports (% of merchandise exports) fell 0.21 percentage points on 2022 (from 1.17% to 0.95%). Across the 25 yearly changes before that (1998 to 2022), the average change was −0.67 percentage points and a typical year strayed about 2.62 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator TX.VAL.FUEL.ZS.UN, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in