Vietnam

Vietnam ranked No. 13 in total trade value through November with a total of $70.9 billion. Exports totaled $10 billion and Imports totaled $60.9 billion, a deficit of $50.9 billion.

January – November 2019

Top Trading Ports

Total Trade: $70.9 billion

RankPortTotal YTD
1Port of Los Angeles $19,215,986,541
2Dallas-Fort Worth International Airport, Texas $8,839,709,458
3Port of Long Beach $6,094,444,240
4Port of Newark $4,726,224,003
5Chicago O’Hare International Airport $4,156,819,309
6Port of Tacoma, Wash. $2,989,269,174
7Port of Savannah, Ga. $2,942,993,916
8Port of Virginia $1,991,757,178
9Port of Charleston $1,942,514,891
10Port of Houston $1,688,304,563

U.S. trade with Vietnam rose to $70.9 billion through November

Vietnam’s trade with the United States rose to $70.9 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 30.58 percent above its total trade during the same time period last year. U.S. exports to Vietnam increased 12.7 percent while U.S. imports from Vietnam rose 34.07 percent. The U.S. deficit with Vietnam was $50.9 billion.

Through November, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Dallas-Fort Worth International Airport, Texas; No. 3 Port of Long Beach; No. 4 Port of Newark; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Port of Long Beach No. 3 Port of Newark No. 4 Chicago O’Hare International Airport and No. 5 Dallas-Fort Worth International Airport, Texas. In the current time period, the top five accounted for 60.69 percent of Vietnam’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 7.93 percent to $19.22 billion.
    Exports fell 6.23 percent to $1.31 billion. Imports rose 9.14 percent to $17.9 billion.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 185.8 percent to $8.84 billion.
    Exports rose 32.06 percent to $459.35 million. Imports rose 205.28 percent to $8.38 billion.
  • Trade with No. 3 Port of Long Beach rose 55.13 percent to $6.09 billion.
    Exports rose 11.2 percent to $1.16 billion. Imports rose 71.07 percent to $4.93 billion.
  • Trade with No. 4 Port of Newark rose 23.79 percent to $4.73 billion.
    Exports rose 15.87 percent to $64.48 million. Imports rose 23.9 percent to $4.66 billion.
  • Trade with No. 5 Chicago O’Hare International Airport rose 25.63 percent to $4.16 billion.
    Exports fell 0.72 percent to $196.08 million. Imports rose 27.31 percent to $3.96 billion.

Vietnam ranked No. 13 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 17.

Meanwhile, total U.S. trade with the world increased to $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Vietnam by value through November were the categories of Cotton; Computer chips; Civilian aircraft, parts; Cell phones, related equipment; and Plastics, respectively. They accounted for 38.11 percent of total exports to Vietnam.

The value of the top five categories of U.S. imports from Vietnam –– Cell phones, related equipment; Furniture, parts; Athletic, other textile shoes; Sweaters, pullovers, vests, knit or crocheted; and Leather shoes –– accounted for 40.45 percent of all inbound shipments.

Looking more closely at U.S. exports to Vietnam:

  • Cotton rose 9.34 percent compared to last year to $1.32 billion.
  • Computer chips rose 0.71 percent compared to last year to $975.64 million.
  • Civilian aircraft, parts rose 287.64 percent compared to last year to $781.43 million.
  • Cell phones, related equipment rose 51.82 percent compared to last year to $377.62 million.
  • Plastics rose 99.98 percent compared to last year to $357.72 million.

Looking more closely at U.S. imports from Vietnam:

  • Cell phones, related equipment rose 112.71 percent compared to last year to $12.88 billion.
  • Furniture, parts rose 25.84 percent compared to last year to $4.09 billion.
  • Athletic, other textile shoes rose 11.1 percent compared to last year to $2.95 billion.
  • Sweaters, pullovers, vests, knit or crocheted rose 12.11 percent compared to last year to $2.46 billion.
  • Leather shoes rose 16.64 percent compared to last year to $2.26 billion.

In the latest annual figures available, Vietnam recorded $54.65 billion in trade with the United States. At year’s end, its were Los Angeles; Chicago; New York City; Seattle; and New Orleans. Total U.S. exports to Vietnam were $ 8.16 billion and imports from Vietnam were $46.48 billion. The U.S. deficit with Vietnam was $38.32 billion.