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2023
Flag → Flag
Exports $118BRnk 1 / 142
2023
Flag → Flag
Top Product $19.3BBroadcasting Equipment
2023
Flag → Flag
Exports $9.56BRnk 32 / 220
2023
Flag → Flag
Top Product $779MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Vietnam-United States Trade: In 2023, Vietnam exported $118B to United States. The main products that Vietnam exported to United States were Broadcasting Equipment ($19.3B), Computers ($8.78B), and Other Furniture ($6.82B). Over the past 5 years the exports of Vietnam to United States have increased at an annualized rate of 18.7%, from $50B in 2018 to $118B in 2023.

In 2023, Vietnam did not export any services to United States.

United States-Vietnam Trade: In 2023, United States exported $9.56B to Vietnam. The main products that United States exported to Vietnam were Broadcasting Equipment ($779M), Raw Cotton ($750M), and Integrated Circuits ($637M). Over the past 5 years the exports of United States to Vietnam have decreased at an annualized rate of 4.55%,  from $12.1B in 2018 to $9.56B in 2023.

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 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $118B to United States. The main products exported from Vietnam to United States were Broadcasting Equipment ($19.3B), Computers ($8.78B), and Other Furniture ($6.82B). During the last 5 years the exports of Vietnam to United States have increased at an annualized rate of 18.7%, from $50B in 2018 to $118B in 2023.

In 2018, United States exported $9.56B to Vietnam. The main products exported from United States to Vietnam were Broadcasting Equipment ($779M), Raw Cotton ($750M), and Integrated Circuits ($637M). During the last 5 years the exports of United States to Vietnam have decreased at an annualized rate of 4.55%, from $12.1B in 2023 to $9.56B in 2018.

Exports from Vietnam (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Vietnam (Flag) (2023)

Latest Data

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

United States Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Vietnam than United States included Cambodia ($3.61B), Slovakia ($4.62B), and Armenia ($815M).

In 2023, countries that imported more from United States than Vietnam included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

Difference in imports from United States (Flag) and Vietnam (Flag) (2023)

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 2023, Vietnam had a large net trade with United States in the exports of Machines ($59.2B), Textiles ($15.5B), and Miscellaneous ($14.9B).

During 2018, United States had a large net trade with Vietnam in the exports of Machines ($2.19B), Chemical Products ($1.09B), and Vegetable Products ($1.04B).

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) (2023)

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