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Vietnam

Vietnam ranked No. 13 in total trade value through February with a total of $12.12 billion. Exports totaled $1.42 billion and Imports totaled $10.7 billion, a deficit of $9.27 billion.

January – February 2019

Top Trading Ports

Total Trade: $12.12 billion

RankPortTotal YTD
1Port of Los Angeles $3,723,430,006
2Dallas-Fort Worth International Airport, Texas $2,463,404,911
3Port of Long Beach $836,550,590
4Port of Newark $791,446,369
5Port of Savannah, Ga. $488,726,964
6Chicago O’Hare International Airport $438,282,957
7Port of Tacoma, Wash. $400,767,175
8Port of Virginia $320,342,380
9Port of Oakland, Calif. $265,142,121
10Port of Charleston $253,360,529

U.S. trade with Vietnam rose to $12.12 billion through February

Vietnam’s trade with the United States rose to $12.12 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 37.74 percent above its total trade during the same time period last year. Vietnam’s exports increased 8.02 percent while imports rose 42.98 percent. The U.S. deficit with Vietnam was $9.27 billion.

Through February, 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 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Port of Newark No. 3 Port of Long Beach No. 4 Port of Tacoma, Wash. and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 68.5 percent of Vietnam’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 16.8 percent to $3.72 billion.
    Exports rose 1.44 percent to $234.08 million. Imports rose 18 percent to $3.49 billion.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 760.77 percent to $2.46 billion.
    Exports rose 15.54 percent to $61.26 million. Imports rose 930.23 percent to $2.4 billion.
  • Trade with No. 3 Port of Long Beach rose 33.36 percent to $836.55 million.
    Exports rose 21.41 percent to $192.17 million. Imports rose 37.4 percent to $644.38 million.
  • Trade with No. 4 Port of Newark rose 11.04 percent to $791.45 million.
    Exports rose 189.39 percent to $17.04 million. Imports rose 9.56 percent to $774.41 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 28.58 percent to $488.73 million.
    Exports fell 10.8 percent to $99.32 million. Imports rose 44.9 percent to $389.41 million.

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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Vietnam by value through February were the categories of Cotton; Computer chips; Cell phones, related equipment; Plastics; and Parts of footwear; insoles, gaitors, etc., respectively. They accounted for 42.61 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 45.31 percent of all inbound shipments.

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

  • Cotton rose 16.13 percent compared to last year to $293.43 million.
  • Computer chips fell 19.06 percent compared to last year to $151.75 million.
  • Cell phones, related equipment rose 129.45 percent compared to last year to $60.92 million.
  • Plastics rose 461.19 percent compared to last year to $52.47 million.
  • Parts of footwear; insoles, gaitors, etc. rose 77.82 percent compared to last year to $47.88 million.

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

  • Cell phones, related equipment rose 393.88 percent compared to last year to $2.82 billion.
  • Furniture, parts rose 20.96 percent compared to last year to $715.36 million.
  • Athletic, other textile shoes rose 4.47 percent compared to last year to $558.34 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 11.73 percent compared to last year to $380.03 million.
  • Leather shoes rose 15.94 percent compared to last year to $373.04 million.

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.