Flag Vietnam / United States Flag

2019
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Exports
: $63.7B, Rnk 1 / 140

2019
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Top Product
: $12B, Broadcasting Equipment

2019
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Exports
: $10.7B, Rnk 28 / 218

2019
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Top Product
: $1.5B, Integrated Circuits

2019
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Economic Complexity (ECI)
: ECI 0.066, Rnk 65 / 146

2019
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Economic Complexity (ECI)
: ECI 1.58, Rnk 10 / 146

2019
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GDP
: $262B, CURRENT US$
Rnk 44 / 187

2009-2019
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GDP GROWTH
: 147%, CURRENT US$
Rnk 13 / 187

2019
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 GDP
: $21.4T, CURRENT US$
Rnk 1 / 187

2009-2019
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GDP GROWTH
: 48.3%, CURRENT US$
Rnk 96 / 187

2019
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GDP PC 
: $2,715, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP PC GROWTH
: 123%, CURRENT US$
Rnk 10 / 187

2019
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GDP PC
: $65,298, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP PC GROWTH
: 38.6%, CURRENT US$
Rnk 76 / 187

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

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.

Market Competitiveness

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Measure

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

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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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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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.