Flag Vietnam / United States Flag

2020
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Exports
: $77B, Rnk 1 / 143

2020
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Top Product
: $14.3B, Broadcasting Equipment

2020
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Exports
: $10.2B, Rnk 28 / 218

2020
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Top Product
: $1.75B, Integrated Circuits

2020
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Economic Complexity (ECI)
: ECI -0.057, Rnk 61 / 127

2020
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Economic Complexity (ECI)
: ECI 1.56, Rnk 9 / 127

2020
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GDP
: $271B, CURRENT US$
Rnk 41 / 195

2010-2020
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GDP GROWTH
: 134%, CURRENT US$
Rnk 8 / 195

2020
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 GDP
: $21T, CURRENT US$
Rnk 1 / 195

2010-2020
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GDP GROWTH
: 39.8%, CURRENT US$
Rnk 78 / 195

2020
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GDP PC 
: $2,786, CURRENT US$
Rnk 139 / 195

2010-2020
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GDP PC GROWTH
: 111%, CURRENT US$
Rnk 7 / 195

2020
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GDP PC
: $63,593, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP PC GROWTH
: 31.2%, CURRENT US$
Rnk 57 / 195

Vietnam-United States In 2020, Vietnam exported $77B to United States. The main products that Vietnam exported to United States are Broadcasting Equipment ($14.3B), Other Furniture ($5.37B), and Semiconductor Devices ($3.12B). During the last 25 years the exports of Vietnam to United States have increased at an annualized rate of 27%, from $194M in 1995 to $77B in 2020.

In 2020, Vietnam did not export any services to United States.

United States-Vietnam In 2020, United States exported $10.2B to Vietnam . The main products that United States exported to Vietnam were Integrated Circuits ($1.75B), Raw Cotton ($1.18B), and Soybeans ($413M). During the last 25 years the exports of United States to Vietnam have increased at an annualized rate of 16.1%, from $244M in 1995 to $10.2B in 2020.

In 2020, United States did not export any services to Vietnam.

Comparison In 2020,  Vietnam ranked 61 in the Economic Complexity Index (ECI -0.057), and 16 in total exports ($300B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Vietnam exported $77B to United States. The main products exported from Vietnam to United States were Broadcasting Equipment ($14.3B), Other Furniture ($5.37B), and Semiconductor Devices ($3.12B). During the last 25 years the exports of Vietnam to United States have increased at an annualized rate of 27%, from $194M in 1995 to $77B in 2020.

In 2020, United States exported $10.2B to Vietnam. The main products exported from United States to Vietnam were Integrated Circuits ($1.75B), Raw Cotton ($1.18B), and Soybeans ($413M). During the last 25 years the exports of United States to Vietnam have increased at an annualized rate of 16.1%, from $244M in 1995 to $10.2B in 2020.

United States Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $77B

United States
Top Destination
: Canada, $218B

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 2019, countries that imported more from Vietnam than United States were Cambodia ($4.39B), Slovakia ($1.35B), and Laos ($566M).

In 2019, countries that imported more from United States than Vietnam were Canada ($218B), Mexico ($196B), and China ($122B).

Comparative Advantage Vietnam - United States

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Flow

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

During 2020, Vietnam had a large net trade with United States in the exports of Machines ($31.8B), Textiles ($15.1B), and Miscellaneous ($11B).

During 2020, United States had a large net trade with Vietnam in the exports of Machines ($2.92B), Textiles ($1.32B), and Vegetable Products ($935M).

Tariff Section

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This section shows import tariffs for products traded between Vietnam and United States (using the HS6 product classification and the last year reported).

In 2019, the products from Vietnam that paid the highest import tariffs to enter United States were Cigarettes containing tobacco (135%)and Cigars, cheroots, cigarettes, with tobacco substitute (135%).

In 2019, the products from United States that paid the highest import tariffs to enter Vietnam were Grape wines, alcoholic grape must nes (230k%)and Wine; still, in containers holding more than 2 litres but not more than 10 litres (212k%).

*The tariffs present between Vietnam and United States are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Vietnam has comparative advantage over United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over Vietnam.