Vietnam (VNM) and United States (USA) Trade | The Observatory of Economic Complexity

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Vietnam-United States In 2022, Vietnam exported $117B to United States. The main products that Vietnam exported to United States are 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.

United States-Vietnam In 2022, United States exported $11.4B to Vietnam. The main products that United States exported 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 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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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.

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.

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

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

Latest Data

Trade between Vietnam () and United States ()

United States Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

United States
Top DestinationCanada$308B

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

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

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

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

Comparative Advantage Vietnam - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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).

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).

Service Trade

Bilateral Service Trade

Usa Year

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 () to Vietnam () (2017)

Economic Complexity

Competitive Landscape

Year

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 Vietnam has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Vietnam.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and United States ()

United States Exports

Market Competitiveness

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

Comparative Advantage Vietnam - United States

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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