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2023
Flag → Flag
Exports $9.56BRnk 32 / 220
2023
Flag → Flag
Top Product $779MBroadcasting Equipment
2023
Flag → Flag
Exports $118BRnk 1 / 142
2023
Flag → Flag
Top Product $19.3BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
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GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
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GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

United States-Vietnam Trade: In 2023, United States exported $9.56B to Vietnam. The main products that United States exported to Vietnam were Broadcasting Equipment ($779M), Raw Cotton ($750M), and Integrated Circuits ($637M). Over the past 5 years the exports of United States to Vietnam have decreased at an annualized rate of 4.55%, from $12.1B in 2018 to $9.56B in 2023.

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 Trade: In 2023, Vietnam exported $118B to United States. The main products that Vietnam exported to United States were Broadcasting Equipment ($19.3B), Computers ($8.78B), and Other Furniture ($6.82B). Over the past 5 years the exports of Vietnam to United States have increased at an annualized rate of 18.7%,  from $50B in 2018 to $118B in 2023.

In 2023, Vietnam did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Company data: In 2023, leading companies such as Old Navy (6.48k), Sailun Tire (5.96k), and LG Electronics (5.75k) were at the forefront of exporting goods from Vietnam to the United States. Conversely, Other (18k), Unknown (5k), and Lg Electronics Vietnam Hai Phong Co (3.46k) were notable for importing products to Vietnam from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $1.22B and imported $12.1B from Vietnam, resulting in a negative trade balance of $10.9B. Between November 2023 and November 2024 the exports of United States have increased by $244M (25%) from $978M to $1.22B, while imports increased by $1.82B (17.7%) from $10.3B to $12.1B.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from California ($230M), Texas ($194M), Oregon ($165M), Washington ($83.4M), and New Mexico ($55.8M), while imports destinations were mainly California ($3.53B), Illinois ($1.37B), Texas ($1.11B), Tennessee ($576M), and Georgia ($559M).

Growth In November 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 November 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

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$244M(25%)
IMPORT GROWTH (November 2023 - November 2024)$1.82B(17.7%)
MAIN EXPORTER (November 2024)California$230M

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.

Explore Vietnam and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $9.56B to Vietnam. The main products exported from United States to Vietnam were Broadcasting Equipment ($779M), Raw Cotton ($750M), and Integrated Circuits ($637M). During the last 5 years the exports of United States to Vietnam have decreased at an annualized rate of 4.55%, from $12.1B in 2018 to $9.56B in 2023.

In 2018, Vietnam exported $118B to United States. The main products exported from Vietnam to United States were Broadcasting Equipment ($19.3B), Computers ($8.78B), and Other Furniture ($6.82B). During the last 5 years the exports of Vietnam to United States have increased at an annualized rate of 18.7%, from $50B in 2023 to $118B in 2018.

Exports from United States (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Vietnam
Top DestinationUnited States$118B

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 2023, countries that imported more from United States than Vietnam included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

In 2023, countries that imported more from Vietnam than United States included Cambodia ($3.61B), Slovakia ($4.62B), and Armenia ($815M).

Difference in imports from Vietnam (Flag) and United States (Flag) (2023)

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 2023, United States had a large net trade with Vietnam in the exports of Machines ($2.19B), Chemical Products ($1.09B), and Vegetable Products ($1.04B).

During 2018, Vietnam had a large net trade with United States in the exports of Machines ($59.2B), Textiles ($15.5B), and Miscellaneous ($14.9B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Vietnam+$382MIntegrated Circuits
Top Product Potential Vietnam United States+$782MComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Vietnam. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Vietnam (Flag) (2023)

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