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Pricing

2022
Flag → Flag
Exports $11.4BRnk 31 / 219
2022
Flag → Flag
Top Product $1.11BRaw Cotton
2022
Flag → Flag
Exports $117BRnk 1 / 152
2022
Flag → Flag
Top Product $23.1BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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Economic Complexity (ECI) ECI 0.062Rnk 60 / 124
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

United States-Vietnam In 2022, United States exported $11.4B to Vietnam. The main products that United States exported to Vietnam are Raw Cotton ($1.11B), Integrated Circuits ($1.07B), and Broadcasting Equipment ($774M). During the last 27 years the exports of United States to Vietnam have increased at an annualized rate of 15.3%, from $244M in 1995 to $11.4B in 2022.

In 2017, United States exported services to Vietnam worth $2.27B, with Travel ($1.28B), Transportation ($364M), and Financial services ($242M) being the largest in terms of value.

Vietnam-United States In 2022, Vietnam exported $117B to United States. The main products that Vietnam exported to United States were Broadcasting Equipment ($23.1B), Other Furniture ($7.13B), and Office Machine Parts ($5.55B). During the last 27 years the exports of Vietnam to United States have increased at an annualized rate of 26.4%, from $208M in 1995 to $117B in 2022.

In 2022, Vietnam did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062), and 19 in total exports ($399B).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (1.01M), ADIDAS INTERNATIONAL TRADING AG (441k), and SAMSUNG ELECTRONICS AMERICA (373k) were at the forefront of exporting goods from Vietnam to the United States. Conversely, LG ELECTRONICS VIETNAM HAI PHONG CO (611k), LG ELECTRONICS VIETNAM HAI PHONG (189k), and SAMSUNG ELECTRONICS HCMC CE COMPLEX (174k) were notable for importing Vietnam products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $806M and imported $9.53B from Vietnam, resulting in a negative trade balance of $8.73B. Between January 2023 and January 2024 the exports of United States have increased by $72.2M (9.83%) from $734M to $806M, while imports increased by $304M (3.3%) from $9.23B to $9.53B.

Trade In January 2024, the top exports of United States to Vietnam were Raw Cotton ($78.2M), Soybeans ($74M), Telephones ($46.5M), Hydrogen ($41.1M), and Integrated Circuits ($40.3M). In January 2024 the top imports of United States from Vietnam were Telephones ($1.81B), Other Furniture ($602M), Semiconductor Devices ($407M), Computers ($324M), and Seats ($319M).

Origins In January 2024 the exports of United States were mainly from California ($112M), Texas ($109M), Oregon ($89M), Michigan ($50.4M), and Florida ($43.7M), while imports destinations were mainly California ($2.5B), Texas ($917M), Illinois ($811M), Tennessee ($562M), and Georgia ($430M).

Growth In January 2024, the increase in United States's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Soybeans ($31.2M or 72.9%), Oil Seed Flower ($26.3M or 6.75k%), and Hydrogen ($24.4M or 146%). In January 2024, the increase in United States's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Semiconductor Devices ($259M or 175%), Computers ($109M or 50.7%), and Electrical Transformers ($54.6M or 54.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$72.2M(9.83%)
IMPORT GROWTH (January 2023 - January 2024)$304M(3.3%)
MAIN EXPORTER (January 2024)California$112M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Vietnam and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $11.4B to Vietnam. The main products exported from United States to Vietnam were Raw Cotton ($1.11B), Integrated Circuits ($1.07B), and Broadcasting Equipment ($774M). During the last 27 years the exports of United States to Vietnam have increased at an annualized rate of 15.3%, from $244M in 1995 to $11.4B in 2022.

In 2022, Vietnam exported $117B to United States. The main products exported from Vietnam to United States were Broadcasting Equipment ($23.1B), Other Furniture ($7.13B), and Office Machine Parts ($5.55B). During the last 27 years the exports of Vietnam to United States have increased at an annualized rate of 26.4%, from $208M in 1995 to $117B in 2022.

Exports from United States (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Vietnam
Top DestinationUnited States$117B

This map shows whether countries import more from United States or Vietnam. Each country is colored based on the difference in imports they receive from United States and Vietnam or the difference in the growth in imports.

In 2021, countries that imported more from United States than Vietnam were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Vietnam than United States were Cambodia ($5.74B), Slovakia ($2.14B), and Laos ($650M).

Difference in imports from Vietnam (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Vietnam

Flow
Scale

This chart compares trade between United States and Vietnam by product, considering products traded by both, United States and Vietnam.

During 2022, United States had a large net trade with Vietnam in the exports of Machines ($2.64B), Chemical Products ($1.35B), and Textiles ($1.23B).

During 2022, Vietnam had a large net trade with United States in the exports of Machines ($52.8B), Textiles ($19.1B), and Miscellaneous ($13.3B).

Service Trade

Bilateral Service Trade

In 2017, United States exported services to Vietnam worth $2.27B, with Travel ($1.28B), Transportation ($364M), and Financial services ($242M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Vietnam (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Vietnam. Similarly, the more yellow a dot/product is, the more Vietnam has comparative advantage over United States.

Product Space of United States (Flag) and Vietnam (Flag) (2022)

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