Indonesia surpasses Thailand as Vietnam’s largest car exporter

Vietnam imported 173,467 cars in 2022, an 8.5% increase from 2021, according to statistics released by Vietnam Customs.

Indonesia, Thailand and China were the biggest car exporters to Vietnam, but Indonesia surpassed Thailand to be the country that exported the most cars to Vietnam, with 72,671 cars exported in total, a 64.2% increase from 2021, and worth $10.5 billion.

Thailand exported 72,032 cars worth $1.42 billion to Vietnam in 2022, a 10.9% decrease in number from 2021. The number of cars imported from Indonesia and Thailand amounted to 144,703 cars, accounting for 83% of all imported cars. China stood in third place, exporting 17,240 cars to Vietnam in 2022.

For the first time in decades, the number of cars sold in Vietnam in 2022 reached 508,547 cars, according to statistics from the Vietnam Automobile Manufacturers’ Association and TC Motor.