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Vietnam

Vietnam ranked No. 13 in total trade value through August with a total of $50.09 billion. Exports totaled $7.26 billion and Imports totaled $42.83 billion, a deficit of $35.58 billion.

January – August 2019

Top Trading Ports

Total Trade: $50.09 billion

RankPortTotal YTD
1Port of Los Angeles $14,147,615,425
2Dallas-Fort Worth International Airport, Texas $6,640,893,813
3Port of Long Beach $4,130,791,187
4Port of Newark $3,223,077,506
5Chicago O’Hare International Airport $3,077,706,685
6Port of Savannah, Ga. $2,028,791,489
7Port of Tacoma, Wash. $1,879,239,555
8Port of Virginia $1,391,062,880
9Port of Charleston $1,358,315,537
10Port of Houston $1,190,158,816

U.S. trade with Vietnam rose to $50.09 billion through August

Vietnam’s trade with the United States rose to $50.09 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 31.36 percent above its total trade during the same time period last year. U.S. exports to Vietnam increased 17.13 percent while U.S. imports from Vietnam rose 34.12 percent. The U.S. deficit with Vietnam was $35.58 billion.

Through August, 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 Newark No. 3 Port of Long Beach 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 62.33 percent of Vietnam’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 13.14 percent to $14.15 billion.
    Exports fell 0.37 percent to $1.05 billion. Imports rose 14.39 percent to $13.1 billion.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 273.56 percent to $6.64 billion.
    Exports rose 32.79 percent to $318.32 million. Imports rose 311.09 percent to $6.32 billion.
  • Trade with No. 3 Port of Long Beach rose 53.2 percent to $4.13 billion.
    Exports rose 19.85 percent to $881.41 million. Imports rose 65.71 percent to $3.25 billion.
  • Trade with No. 4 Port of Newark rose 17.9 percent to $3.22 billion.
    Exports rose 39.29 percent to $54.09 million. Imports rose 17.59 percent to $3.17 billion.
  • Trade with No. 5 Chicago O’Hare International Airport rose 19.83 percent to $3.08 billion.
    Exports rose 7.27 percent to $133.9 million. Imports rose 20.47 percent to $2.94 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 $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 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 $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Vietnam by value through August were the categories of Cotton; Computer chips; Civilian aircraft, parts; Scrap iron, steel; and Plastics, respectively. They accounted for 40.95 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 41.57 percent of all inbound shipments.

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

  • Cotton rose 13.06 percent compared to last year to $1.13 billion.
  • Computer chips fell 0.67 percent compared to last year to $707.85 million.
  • Civilian aircraft, parts rose 440.14 percent compared to last year to $559.04 million.
  • Scrap iron, steel rose 59.97 percent compared to last year to $309.41 million.
  • Plastics rose 402.81 percent compared to last year to $266.63 million.

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

  • Cell phones, related equipment rose 133.81 percent compared to last year to $9.53 billion.
  • Furniture, parts rose 23.45 percent compared to last year to $2.82 billion.
  • Athletic, other textile shoes rose 11.62 percent compared to last year to $2.21 billion.
  • Sweaters, pullovers, vests, knit or crocheted rose 13.2 percent compared to last year to $1.64 billion.
  • Leather shoes rose 17.9 percent compared to last year to $1.61 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.