Batteries Export of Vietnam: A Comprehensive Trade Analysis

Batteries are electrical devices that stores chemical energy and convert it into electrical energy, for powering the functions of smartphones and other electronic devices. It serves as the backbone of portable energy and industrial electricity needs. Vietnam based in Southeast Asia, sharing borders with China and Cambodia in the north and west directions has emerged as a leading exporter of batteries in the international trade market. The market has doubled its growth in 2024, dominated specifically by lithium-ferro phosphate batteries. Due to the technological evolution of the manufacturing units and the latest government strategies, the upward trajectory in exports is still continuing.

The foreign direct investment in battery-related sectors and the robust market growth have recorded a total valuation of batteries from Vietnam worth 22 billion US dollars in 2024. The supportive government policies and the expanding approach towards export markets, accompanied by the continuous efforts by the government authorities to promote the adoption of electronic vehicles, have benefited the trade rate. Subscribe to Import Globals, the Vietnam Import Data provider, to stay updated with the latest information regarding the export of batteries in Vietnam via the Vietnam trade data.

WHY ARE BATTERIES A GLOBALLY TRADED COMMODITY?

Batteries are an essential need of modern technology, and a crucial globally traded commodity. The continuous shift of the modern world towards digitalization, electrification, and renewable energy is slowly recording a hike in the global battery export. Several battery-powered consumer electronics, including smartphones, laptops, and electric vehicles, have made them an indispensable necessity across different industrial sectors.

The countries that have reported advanced battery manufacturing capabilities are considered pivotal for a hike in the revenue rate. The overall hike in global trade is boosted by technological advancements and government policies promoting the adoption of electronic vehicles. This basically enables the manufacturers to source the raw materials while powering up the battery production scale, contributing to global exports.

THE LEADING VARIANTS OF BATTERIES EXPORTED FROM VIETNAM

Vietnam, to maintain compatibility with the gradually increasing global demand for batteries, has recorded a diversification in its export portfolio. According to the Vietnam Export Data, the top 10 leading variants of batteries exported from the nation in 2024 are,

· Lithium Iron Phosphate — The annual valuation of Lithium Iron Phosphate exported from Vietnam in 2024–4.2 billion US dollars

· Lithium Nickel Manganese Cobalt — The annual valuation of Lithium Nickel Manganese Cobalt exported from Vietnam in 2024–3.87 billion US dollars

· Lithium Nickel Cobalt Aluminium — The annual valuation of Lithium Nickel Cobalt Aluminium exported from Vietnam in 2024–2.97 billion US dollars

· Lithium Manganese Oxide — The annual valuation of Lithium Manganese Oxide exported from Vietnam in 2024–2.1 billion US dollars

· Lithium Titanate — The annual valuation of Lithium Titanate exported from Vietnam in 2024–1.89 billion US dollars

· Nickel-Cadmium — The annual valuation of Nickel-Cadmium exported from Vietnam in 2024–1.2 billion US dollars

· Nickel-Metal Hydride — The annual valuation of Nickel-Metal Hydride exported from Vietnam in 2024–1 billion US dollars

· Alkaline Batteries — The annual valuation of Alkaline Batteries exported from Vietnam in 2024–900 million US dollars

· Lead-Acid Batteries — The annual valuation of Lead-Acid Batteries exported from Vietnam in 2024–800 million US dollars

· Solid-State Batteries — The annual valuation of Solid-State Batteries exported from Vietnam in 2024–700 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF VIETNAM IN 2024

The coherent relation of Vietnam’s tariff strategies with the supply chain integration has solidified the country’s position as a top trading hub. According to the Vietnam Customs Data, the top 10 export trade partners of the nation for batteries exported in 2024 are,

  • United States — The total valuation of batteries exported from Vietnam to the United States in 2024–4.2 billion US dollars

Top 5 variants of batteries exported

· Microbial Fuel Cells (MFCs)

· Thermal Batteries

· Thermoelectric Batteries

· Piezoelectric Batteries

· Photoelectric Batteries

  • China — The total valuation of batteries exported from Vietnam to China in 2024–3.8 billion US dollars

Top 5 variants of batteries exported

· Flow Batteries

· Vanadium Redox Flow (VRFB)

· All-Vanadium Flow

· Iron-Chromium Flow

· Polymer Electrolyte Membrane (PEM) Flow

  • South Korea — The total valuation of batteries exported from Vietnam to South Korea in 2024–2.7 billion US dollars

Top 5 variants of batteries exported

· Alkaline Zinc-Copper (Zn/Cu)

· Sodium-Ion (Na-ion)

· Zinc-Ion (Zn-ion)

· Sodium-Sulfur (NaS)

· Zinc-Air Rechargeable

  • Japan — The total valuation of batteries exported from Vietnam to Japan in 2024–2.21 billion US dollars

Top 5 variants of batteries exported

· Sealed Lead-Acid (SLA)

· Deep Cycle Lead-Acid

· Starting, Lighting, Ignition (SLI) Lead-Acid

· High-Performance Lead-Acid

· Lead-Crystal

  • Hong Kong — The total valuation of batteries exported from Vietnam to Hong Kong in 2024–1.89 billion US dollars

Top 5 variants of batteries exported

· Lead-Acid

· Valve-Regulated Lead-Acid (VRLA)

· Absorbent Glass Mat (AGM)

· Gel Lead-Acid

· Flooded Lead-Acid

  • Germany — The total valuation of batteries exported from Vietnam to Germany in 2024–1.5 billion US dollars

Top 5 variants of batteries exported

· Nickel-Cadmium (NiCd)

· Nickel-Metal Hydride (NiMH)

· Nickel-Zinc (NiZn)

· Nickel-Iron (NiFe)

· Nickel-Hydrogen (NiH₂)

  • Netherlands — The total valuation of batteries exported from Vietnam to the Netherlands in 2024–1.2 billion US dollars

Top 5 variants of batteries exported

· Lithium-Air (Li-Air)

· Lithium-Ion Capacitors (LICs)

· Lithium-Titanate Oxide (LTO) Supercapacitors

· Lithium-Ion Phosphate Iron (LiFePO₄)

· Lithium-Ion Polymer (LiPo)

  • United Kingdom — The total valuation of batteries exported from Vietnam to the United Kingdom in 2024–1 billion US dollars

Top 5 variants of batteries exported

· Lithium Thionyl Chloride (Li-SOCl₂)

· Lithium Manganese Dioxide (Li-MnO₂)

· Lithium Iron Disulfide (Li-FeS₂)

· Lithium Carbon Monofluoride (Li-CFx)

· Lithium-Sulfur (Li-S)

  • Thailand — The total valuation of batteries exported from Vietnam to Thailand in 2024–890 million US dollars

Top 5 variants of batteries exported

· Lithium Polymer (LiPo)

· Lithium-Ion Cylindrical

· Lithium-Ion Prismatic

· Lithium-Ion Pouch Cells

· Solid-State Lithium

  • India — The total valuation of batteries exported from Vietnam to India in 2024–650 million US dollars

Top 5 variants of batteries exported

· Lithium Iron Phosphate (LiFePO₄)

· Lithium Nickel Manganese Cobalt (NMC)

· Lithium Nickel Cobalt Aluminum Oxide (NCA)

· Lithium Manganese Oxide (LMO)

  • Lithium Titanate (LTO)

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