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Vietnam

Vietnam ranked No. 17 in total trade value through October with a total of $49.39 billion. Exports totaled $8.03 billion and Imports totaled $41.36 billion, a deficit of $33.33 billion.

January – October 2018

Top Trading Ports

Total Trade: $49.39 billion

RankPortTotal YTD
1Port of Los Angeles $16,234,948,398
2Port of Long Beach $3,566,414,709
3Port of Newark $3,474,094,879
4Chicago O’Hare International Airport $3,088,654,156
5Dallas-Fort Worth International Airport, Texas $2,778,993,255
6Port of Tacoma, Wash. $2,114,285,473
7Port of Savannah, Ga. $1,888,353,465
8Port of Virginia $1,560,464,934
9Port of New Orleans $1,387,367,555
10Port of Oakland, Calif. $1,369,386,526

U.S. trade with Vietnam rose to $49.39 billion through October

Vietnam’s trade with the United States rose to $49.39 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.91 percent above its total trade during the same time period last year. Vietnam’s exports increased 21.73 percent while imports rose 6.73 percent. The U.S. deficit with Vietnam was $33.33 billion.

Through October, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Chicago O’Hare International Airport No. 3 Port of Newark No. 4 Port of Long Beach and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 59.01 percent of Vietnam’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 9.53 percent to $16.23 billion.
    Exports rose 22.4 percent to $1.31 billion. Imports rose 8.53 percent to $14.93 billion.
  • Trade with No. 2 Port of Long Beach rose 26.87 percent to $3.57 billion.
    Exports rose 53.96 percent to $951.53 million. Imports rose 19.23 percent to $2.61 billion.
  • Trade with No. 3 Port of Newark rose 13.87 percent to $3.47 billion.
    Exports fell 12.84 percent to $49.78 million. Imports rose 14.38 percent to $3.42 billion.
  • Trade with No. 4 Chicago O’Hare International Airport fell 7.17 percent to $3.09 billion.
    Exports fell 9.19 percent to $179.39 million. Imports fell 7.05 percent to $2.91 billion.
  • Trade with No. 5 Dallas-Fort Worth International Airport, Texas rose 65.83 percent to $2.78 billion.
    Exports rose 9.92 percent to $312.99 million. Imports rose 77.28 percent to $2.47 billion.

Vietnam ranked No. 17 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 $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Vietnam by value through October were the categories of Cotton; Computer chips; Soybeans; Corn; and Scrap iron, steel, respectively. They accounted for 38.86 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; Shoes made of textile; Sweaters, pullovers, vests, knit or crocheted; and Leather shoes –– accounted for 35.47 percent of all inbound shipments.

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

  • Cotton rose 26.28 percent compared to last year to $1.14 billion.
  • Computer chips fell 35.53 percent compared to last year to $903.14 million.
  • Soybeans rose 88.99 percent compared to last year to $421.17 million.
  • Corn rose 16777 percent compared to last year to $354.63 million.
  • Scrap iron, steel rose 108.83 percent compared to last year to $303.92 million.

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

  • Cell phones, related equipment rose 21.97 percent compared to last year to $5.54 billion.
  • Furniture, parts rose 5.05 percent compared to last year to $2.91 billion.
  • Shoes made of textile rose 16.19 percent compared to last year to $2.43 billion.
  • Sweaters, pullovers, vests, knit or crocheted rose 6.77 percent compared to last year to $2.01 billion.
  • Leather shoes rose 13.52 percent compared to last year to $1.79 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.