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2022
Flag → Flag
Exports $45BRnk 1 / 152
2022
Flag → Flag
Top Product $23.1BBroadcasting Equipment
2022
Flag → Flag
Exports $10.7BRnk 31 / 219
2022
Flag → Flag
Top Product $1.11BRaw Cotton
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

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.

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.

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 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 2017, 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 22 years the exports of United States to Vietnam have increased at an annualized rate of 113%, from $244M in 1995 to $10.7B in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and United States (Flag)

United States Exports

Market Competitiveness

Color
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 2022, countries that imported more from Vietnam than United States included Cambodia ($5.74B), Slovakia ($2.14B), and Laos ($650M).

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

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

Comparative Advantage Vietnam - United States

Flow
Scale

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 2017, United States had a large net trade with Vietnam in the exports of Machines ($2.64B), Chemical Products ($1.35B), and Textiles ($1.23B).

Potential Exports

Potential Exports

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

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 Vietnam and United States. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Vietnam.

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

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