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Vietnam

Vietnam ranked No. 14 in total trade value through July with a total of $41.92 billion. Exports totaled $5.92 billion and Imports totaled $36 billion, a deficit of $30.09 billion.

January – July 2019

Top Trading Ports

Total Trade: $41.92 billion

RankPortTotal YTD
1Port of Los Angeles $12,334,325,998
2Dallas-Fort Worth International Airport, Texas $4,932,840,299
3Port of Long Beach $3,497,701,167
4Port of Newark $2,767,059,009
5Chicago O’Hare International Airport $2,752,993,382
6Port of Savannah, Ga. $1,702,833,358
7Port of Tacoma, Wash. $1,536,645,381
8Port of Virginia $1,192,017,980
9Port of Houston $1,029,218,456
10Port of Oakland, Calif. $995,615,262

U.S. trade with Vietnam rose to $41.92 billion through July

Vietnam’s trade with the United States rose to $41.92 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 29.15 percent above its total trade during the same time period last year. U.S. exports to Vietnam increased 9.2 percent while U.S. imports from Vietnam rose 33.15 percent. The U.S. deficit with Vietnam was $30.09 billion.

Through July, 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 Port of Tacoma, Wash.. In the current time period, the top five accounted for 62.71 percent of Vietnam’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 14.03 percent to $12.33 billion.
    Exports fell 1.95 percent to $930.28 million. Imports rose 15.57 percent to $11.4 billion.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 259 percent to $4.93 billion.
    Exports rose 19.12 percent to $246.03 million. Imports rose 301.43 percent to $4.69 billion.
  • Trade with No. 3 Port of Long Beach rose 50.25 percent to $3.5 billion.
    Exports rose 21.34 percent to $789.33 million. Imports rose 61.45 percent to $2.71 billion.
  • Trade with No. 4 Port of Newark rose 19.03 percent to $2.77 billion.
    Exports rose 88.75 percent to $51.76 million. Imports rose 18.19 percent to $2.72 billion.
  • Trade with No. 5 Chicago O’Hare International Airport rose 39.42 percent to $2.75 billion.
    Exports rose 8.82 percent to $115.54 million. Imports rose 41.16 percent to $2.64 billion.

Vietnam ranked No. 14 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 $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 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 $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Vietnam by value through July were the categories of Cotton; Computer chips; Plastics; Cell phones, related equipment; and Scrap iron, steel, respectively. They accounted for 39.47 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 40.7 percent of all inbound shipments.

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

  • Cotton rose 12.59 percent compared to last year to $1.04 billion.
  • Computer chips rose 1.9 percent compared to last year to $635.25 million.
  • Plastics rose 493.96 percent compared to last year to $229.75 million.
  • Cell phones, related equipment rose 62 percent compared to last year to $223.54 million.
  • Scrap iron, steel rose 25.17 percent compared to last year to $210.86 million.

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

  • Cell phones, related equipment rose 142.55 percent compared to last year to $7.56 billion.
  • Furniture, parts rose 22.8 percent compared to last year to $2.42 billion.
  • Athletic, other textile shoes rose 10.42 percent compared to last year to $1.95 billion.
  • Sweaters, pullovers, vests, knit or crocheted rose 13.45 percent compared to last year to $1.36 billion.
  • Leather shoes rose 18.56 percent compared to last year to $1.36 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.