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

About

Vietnam-United States: In 2019, Vietnam exported $63.7B to United States. The main products that Vietnam exported to United States are Broadcasting Equipment ($12B), Other Furniture ($3.81B), and Textile Footwear ($3.26B). During the last 24 years the exports of Vietnam to United States have increased at an annualized rate of 27.2%, from $196M in 1995 to $63.7B in 2019.

In 2019, Vietnam did not exported services to United States.

United States-Vietnam: In 2019, United States exported $10.7B to Vietnam . The main products that United States exported to Vietnam were Integrated Circuits ($1.5B), Raw Cotton ($1.44B), and Ethylene Polymers ($404M). During the last 24 years the exports of United States to Vietnam have increased at an annualized rate of 17.1%, from $244M in 1995 to $10.7B in 2019.

In 2019, United States did not exported services to Vietnam.

Comparison: In 2019, Vietnam ranked 65 in the Economic Complexity Index (ECI 0.066), and 20 in total exports ($280B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.58), and 2 in total exports ($1.51T).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2019, Vietnam exported $63.7B to United States. The main products exported from Vietnam to United States were Broadcasting Equipment ($12B), Other Furniture ($3.81B), and Textile Footwear ($3.26B). During the last 24 years the exports of Vietnam to United States have increased at an annualized rate of 27.2%, from $196M in 1995 to $63.7B in 2019.

In 2019, United States exported $10.7B to Vietnam. The main products exported from United States to Vietnam were Integrated Circuits ($1.5B), Raw Cotton ($1.44B), and Ethylene Polymers ($404M). During the last 24 years the exports of United States to Vietnam have increased at an annualized rate of 17.1%, from $244M in 1995 to $10.7B in 2019.

Latest Data

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Date

Market Competitiveness

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Measure

SectionYear

Vietnam
Top Destination: United States, $63.7B

United States
Top Destination: Canada, $252B

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 ($4.37B), Slovakia ($2.06B), and Laos ($747M).

In 2019, countries that imported more from United States than Vietnam were Canada ($252B), Mexico ($235B), and China ($103B).

Comparative Advantage Vietnam - United States

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Depth

Year

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

During 2019, Vietnam had a large net trade with United States in the exports of Machines ($22.8B), Textiles ($15B), and Miscellaneous ($7.49B).

During 2019, United States had a large net trade with Vietnam in the exports of Machines ($2.64B), Textiles ($1.65B), and Foodstuffs ($885M).

Tariff Section

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Tariffs

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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 2018, 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 2018, the products from United States that paid the highest import tariffs to enter Vietnam were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

*The tariffs present between Vietnam and United States are:
136: Most Favoured Nation duty rate 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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Year

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.

About

Historical Data

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Vietnam - United States

Tariff Section

Tariffs

Economic Complexity

Competitive Landscape

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