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

About

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

Year

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.

Latest Data

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United States Exports

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Date

Market Competitiveness

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Measure

SectionYear

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

Year

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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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 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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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

United States Exports

Market Competitiveness

Comparative Advantage Vietnam - United States

Tariff Section

Tariffs

Economic Complexity

Competitive Landscape

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