2021
Flag  
GDP
$23.3TCURRENT US$
Rnk 1 / 204
2011-2021
Flag
GDP GROWTH
49.5%CURRENT US$
Rnk 51 / 204
2021
Flag
 GDP
$366BCURRENT US$
Rnk 40 / 204
2011-2021
Flag
GDP GROWTH
112%CURRENT US$
Rnk 13 / 204
2021
Flag
GDP PC 
$70,219CURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 47 / 204
2021
Flag
GDP PC
$3,756CURRENT US$
Rnk 140 / 204
2011-2021
Flag
GDP PC GROWTH
92.3%CURRENT US$
Rnk 7 / 204

About

United States-Vietnam In 2021, United States exported $11.3B to Vietnam. The main products that United States exported to Vietnam are Integrated Circuits ($1.46B), Raw Cotton ($1.04B), and Scrap Iron ($625M). During the last 26 years the exports of United States to Vietnam have increased at an annualized rate of 15.9%, from $244M in 1995 to $11.3B in 2021.

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 2021, Vietnam exported $99.3B to United States. The main products that Vietnam exported to United States were Broadcasting Equipment ($17.4B), Other Furniture ($6.23B), and Seats ($4.53B). During the last 26 years the exports of Vietnam to United States have increased at an annualized rate of 27.1%, from $195M in 1995 to $99.3B in 2021.

In 2021, Vietnam did not export any services to United States.

Comparison In 2021,  United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T). That same year, Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, United States exported $11.3B to Vietnam. The main products exported from United States to Vietnam were Integrated Circuits ($1.46B), Raw Cotton ($1.04B), and Scrap Iron ($625M). During the last 26 years the exports of United States to Vietnam have increased at an annualized rate of 15.9%, from $244M in 1995 to $11.3B in 2021.

In 2021, Vietnam exported $99.3B to United States. The main products exported from Vietnam to United States were Broadcasting Equipment ($17.4B), Other Furniture ($6.23B), and Seats ($4.53B). During the last 26 years the exports of Vietnam to United States have increased at an annualized rate of 27.1%, from $195M in 1995 to $99.3B in 2021.

Exports from United States (Flag) to Vietnam (Flag) (2021)

Exports from Vietnam (Flag) to United States (Flag) (2021)

Market Competitiveness

Color
United States
Top Destination
Canada$259B
Vietnam
Top Destination
United States$99.3B

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 ($259B), Mexico ($247B), and China ($151B).

In 2021, countries that imported more from Vietnam than United States were Cambodia ($4.91B), Slovakia ($1.64B), and Laos ($680M).

Difference in imports from Vietnam (Flag) and United States (Flag) (2021)

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 2021, United States had a large net trade with Vietnam in the exports of Machines ($2.88B), Chemical Products ($1.17B), and Textiles ($1.17B).

During 2021, Vietnam had a large net trade with United States in the exports of Machines ($42.6B), Textiles ($17.1B), 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) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with