USA
↔
Viet Nam

USA-Viet Nam Bilateral Trade Analysis 2023

Complete trade statistics: $127.24B total volume •USA deficit: $108.12B

USA → Viet Nam

$9.56B

Exports (2023)

Viet Nam → USA

$117.68B

Imports (2023)

Trade Balance

$108.12B

Deficit for USA

Total Trade

$127.24B

Combined Volume

Trade Flow Visualization

Direct trade relationship between USA and Viet Nam. Green line shows exports from USA, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-Viet Nam commercial relationship and competitive positioning in global markets.

USA → Viet Nam Exports

$9.56B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
7.8% top product
1Cotton: not carded or combed
$750.23M
7.8% of exports
2Telephones for cellular networks or for other wireless networks
$716.27M
7.5% of exports
3Silicon: containing by weight not less than 99.99% of silicon
$447.22M
4.7% of exports
4Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$428.29M
4.5% of exports
5Soya beans: other than seed, whether or not broken
$377.97M
4.0% of exports
6Brewing or distilling dregs and waste: whether or not in the form of pellets
$341.74M
3.6% of exports
7Ferrous waste and scrap: n.e.c. in heading no. 7204
$340.84M
3.6% of exports
8Paper or paperboard: waste and scrap, of unbleached kraft paper or paperboard or corrugated paper or paperboard
$218.35M
2.3% of exports
9Footwear: parts, n.e.c. in heading 6406
$152.68M
1.6% of exports
10Cereals: wheat and meslin, other than durum wheat, other than seed
$145.05M
1.5% of exports

🎯 Strategic Export Focus

USA's export portfolio to Viet Nam demonstrates strong diversification across multiple sectors, with cotton: not carded or combed representing a key competitive advantage in this bilateral market.

Viet Nam → USA Imports

$117.68B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
9.0% concentration
1Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$10.54B
9.0% of imports
2Telephones for cellular networks or for other wireless networks
$8.09B
6.9% of imports
3Automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display
$7.93B
6.7% of imports
4Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED)
$5.17B
4.4% of imports
5Seats: with wooden frames, upholstered, (excluding medical, surgical, dental, veterinary or barber furniture)
$2.91B
2.5% of imports
6Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers
$2.37B
2.0% of imports
7Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$2.33B
2.0% of imports
8Furniture: wooden, other than for office, kitchen or bedroom use
$2.33B
2.0% of imports
9Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials
$2.17B
1.8% of imports
10Footwear: n.e.c. in heading no. 6403, (not covering the ankle), outer soles of rubber, plastics or composition leather, uppers of leather
$1.95B
1.7% of imports

📦 Import Strategy Analysis

USA's import pattern from Viet Nam reveals significant dependencyin communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

USA demonstrates competitive strength in exportingcotton: not carded or combed to Viet Nam, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $127.24B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: USA-Viet Nam Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $127.24 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: USA maintains a deficit of $108.12 billion
  • Export Focus: USA's primary exports include cotton: not carded or combed, telephones for cellular networks or for other wireless networks, silicon: containing by weight not less than 99.99% of silicon
  • Import Dependencies: Key imports from Viet Nam include communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, telephones for cellular networks or for other wireless networks, automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $127.24B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with USA leveraging its comparative advantages in cotton: not carded or combed.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

USA's specialization in cotton: not carded or combedcomplements Viet Nam's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $127.24B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $127.24B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $127.24 billion bilateral trade volume represents a major economic driverfor both economies.

Economic Significance: Critical
🏭

Industrial Integration

Trade flows in cotton: not carded or combed and communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

USA's trade deficit of $108.12 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in telephones for cellular networks or for other wireless networks present expansion opportunities.
Market Diversification
Beyond current focus on communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in cotton: not carded or combed may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between USA and Viet Nam represents a total trade volume of $127.24 billion in 2023. This partnership demonstrates an unfavorable trade balance for USA, with imports exceeding exportsby $108.12 billion.

Export Strengths

USA's exports to Viet Nam total $9.56 billion, with competitive advantages in cotton: not carded or combed, representing $750.23M or7.8% of bilateral exports.

Import Dependencies

Imports from Viet Nam amount to $117.68 billion, highlighting economic interdependence in communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, with Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus comprising9.0% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates USA's strategic sourcing from Viet Nam. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between USA and Viet Nam in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023