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Trade between the United States and Vietnam

In 2024, the United States exported $12.6 billion to Vietnam and imported $140.5 billion. The United States ran a deficit of $127.9 billion with Vietnam, compared with a deficit of $53.5 billion in 2019. Vietnam was the United States’ 7th largest trading partner (3% of its trade), and the United States was Vietnam’s 2nd (17%).

Summary

United States → Vietnam
$12.6billion
Vietnam → United States
$140.5billion
The United States’ balance
-$127.9billion

Balance

The United States’ trade balance with Vietnam

Trade between the United States and Vietnam grew 339.1-fold since 1995

USD billions (current). The United States’ exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 12.6
  • Imports 140
  • Balance -128

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$244 million$208 million$36 million
1996$610 million$337 million$272 million
1997$272 million$407 million-$135 million
1998$269 million$589 million-$320 million
1999$283 million$649 million-$366 million
2000$488 million$864 million-$376 million
2001$542 million$1.2 billion-$652 million
2002$652 million$2.9 billion-$2.3 billion
2003$1.3 billion$5.1 billion-$3.8 billion
2004$1.3 billion$5.8 billion-$4.6 billion
2005$957 million$7.2 billion-$6.3 billion
2006$1.2 billion$9.4 billion-$8.2 billion
2007$1.9 billion$11.8 billion-$9.9 billion
2008$3 billion$14.1 billion-$11.1 billion
2009$3.2 billion$13.2 billion-$10 billion
2010$4.1 billion$16.1 billion-$12 billion
2011$4.7 billion$18.7 billion-$14.1 billion
2012$5.2 billion$21.4 billion-$16.3 billion
2013$5.6 billion$25.9 billion-$20.4 billion
2014$6.4 billion$31.9 billion-$25.5 billion
2015$7.8 billion$39.4 billion-$31.6 billion
2016$9 billion$42.7 billion-$33.7 billion
2017$9.7 billion$48.9 billion-$39.1 billion
2018$12.4 billion$49.9 billion-$37.6 billion
2019$13.9 billion$67.4 billion-$53.5 billion
2020$13 billion$79.6 billion-$66.6 billion
2021$14.6 billion$100.9 billion-$86.3 billion
2022$13.9 billion$128.9 billion-$115 billion
2023$13 billion$113.4 billion-$100.4 billion
2024$12.6 billion$140.5 billion-$127.9 billion

What they sell each other

What the United States sells to Vietnam

The top 10 headings in 2024, with their share of the total.

  1. Microchips$3 billion · 23.6%
    6 tonnes · the United States’ destinations
  2. Cameras and broadcast equipment$738 million · 5.9%
    996 tonnes
  3. Raw cotton$581 million · 4.6%
    291 thousand tonnes · the United States’ destinations
  4. Soybeans$489 million · 3.9%
    1.1 million tonnes · the United States’ destinations
  5. Other nuts (almonds, walnuts)$390 million · 3.1%
    63 thousand tonnes
  6. Hydrogen and rare gases$372 million · 3%
    18 thousand tonnes
  7. Starch, sugar and brewing residues$287 million · 2.3%
    1.1 million tonnes
  8. Polyethylene$257 million · 2%
    270 thousand tonnes · the United States’ destinations
  9. Waste paper$238 million · 1.9%
    1.2 million tonnes
  10. Sawn wood$221 million · 1.8%
    187 thousand tonnes · the United States’ destinations

What Vietnam sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Computers$14.9 billion · 10.6%
    49 thousand tonnes · Vietnam’s destinations
  2. Cameras and broadcast equipment$14.8 billion · 10.5%
    127 thousand tonnes
  3. Computer and office machine parts$8.9 billion · 6.3%
    82 thousand tonnes
  4. Furniture$8.3 billion · 5.9%
    2.2 million tonnes · Vietnam’s destinations
  5. Diodes, transistors and solar cells$5.8 billion · 4.2%
    1.9 million tonnes
  6. Seats and chairs$5.7 billion · 4.1%
    792 thousand tonnes
  7. Microphones and speakers$4.4 billion · 3.1%
    55 thousand tonnes
  8. Leather footwear$3.7 billion · 2.6%
    80 thousand tonnes
  9. Textile footwear$3.6 billion · 2.6%
    81 thousand tonnes
  10. Sweaters and pullovers$2.3 billion · 1.6%
    77 thousand tonnes

How it travels

Estimated sea route from Los Angeles to Phu My.

The estimated sea route between Los Angeles and Phu My is 7,435 nautical miles (13,769 km) long: ≈ 17–22 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$90.5 billion · 59.1%
  2. Air$62.6 billion · 40.9%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Vietnam was the United States’ 7th largest trading partner (3% of its trade), and the United States was Vietnam’s 2nd (17%).

Vietnam in the United States’ trade
3%
Vietnam’s rank among the United States’ partners
7th
The United States in Vietnam’s trade
17.4%
The United States’ rank among Vietnam’s partners
2nd

Compare with

Other partners of the United States

Other partners of Vietnam

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.