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2022
Flag → Flag
Exports $10.7BRnk 31 / 219
2022
Flag → Flag
Top Product $1.11BRaw Cotton
2022
Flag → Flag
Exports $45BRnk 1 / 152
2022
Flag → Flag
Top Product $23.1BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
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 Trade: In 2022, United States exported $10.7B to Vietnam. The main products that United States exported to Vietnam were Raw Cotton ($1.11B), Integrated Circuits ($1.07B), and Broadcasting Equipment ($774M). Over the past 5 years the exports of United States to Vietnam have increased at an annualized rate of 113%, from $244M in 2017 to $10.7B 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 Trade: In 2022, Vietnam exported $45B 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). Over the past 5 years the exports of Vietnam to United States have increased at an annualized rate of 193%,  from $208M in 2017 to $45B 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 1.47), and 2 in total exports ($1.95T). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

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

April, 2024

About

Overview In April 2024, United States exported $821M and imported $10B from Vietnam, resulting in a negative trade balance of $9.21B. Between April 2023 and April 2024 the exports of United States have increased by $5.98M (0.73%) from $815M to $821M, while imports increased by $1.45B (16.9%) from $8.58B to $10B.

Trade In April 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 April 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 April 2024 the exports of United States were mainly from California ($132M), Texas ($114M), Oregon ($59.8M), Washington ($53.2M), and Michigan ($43.3M), while imports destinations were mainly California ($2.7B), Illinois ($1.02B), Texas ($891M), Tennessee ($557M), and Georgia ($508M).

Growth In April 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 April 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 (April 2023 - April 2024)$5.98M(0.73%)
IMPORT GROWTH (April 2023 - April 2024)$1.45B(16.9%)
MAIN EXPORTER (April 2024)California$132M

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 2022, United States exported $10.7B 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 5 years the exports of United States to Vietnam have increased at an annualized rate of 113%, from $244M in 2017 to $10.7B in 2022.

In 2017, Vietnam exported $45B 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 22 years the exports of Vietnam to United States have increased at an annualized rate of 193%, from $208M in 1995 to $45B in 2017.

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 2022, countries that imported more from United States than Vietnam included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Vietnam than United States included 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 2017, Vietnam had a large net trade with United States in the exports of Machines ($52.8B), Textiles ($19.1B), and Miscellaneous ($13.3B).

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) (2022)

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