The historical data on aircraft, spacecraft, and parts imports to Vietnam indicate significant volatility over the past decade. Between 2013 and 2015, values fluctuated widely, with a dramatic dip in 2014 followed by a substantial increase in 2015. From 2016 onwards, the import value generally trended downwards, with a few minor rebounds in 2018 and 2021. As of 2023, the import value stood at 0.4373 billion USD.
Year-on-year variations in the last two years showed a slight decline, with a 2.06% decrease in 2023. Over the last five years, the average annual decline (CAGR) was approximately -2.06%. Forecasts suggest a continued downward trend, with the five-year CAGR projected to be -1.84% and an overall five-year growth rate forecasted to drop by 8.85% by 2028.
Future trends to watch for include technological advancements in aerospace, potential policy changes impacting trade, and the global demand for aircraft. Monitoring these factors could provide insights into whether Vietnam's import patterns may shift in unexpected ways.
