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Vietnam

Vietnam ranked No. 13 in total trade value through May with a total of $30.09 billion. Exports totaled $4.25 billion and Imports totaled $25.84 billion, a deficit of $21.59 billion.

January – May 2019

Top Trading Ports

Total Trade: $30.09 billion

RankPortTotal YTD
1Port of Los Angeles $8,795,214,139
2Dallas-Fort Worth International Airport, Texas $4,347,265,606
3Port of Long Beach $2,222,042,782
4Chicago O’Hare International Airport $2,217,278,937
5Port of Newark $1,893,761,752
6Port of Savannah, Ga. $1,197,305,295
7Port of Tacoma, Wash. $1,010,643,789
8Port of Virginia $818,160,856
9Port of Houston $689,376,799
10Port of Oakland, Calif. $655,107,104

U.S. trade with Vietnam rose to $30.09 billion through May

Vietnam’s trade with the United States rose to $30.09 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 32.25 percent above its total trade during the same time period last year. U.S. exports to Vietnam increased 11.89 percent while U.S. imports from Vietnam rose 36.33 percent. The U.S. deficit with Vietnam was $21.59 billion.

Through May, 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 Chicago O’Hare International Airport; and No. 5 Port of Newark. 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 Chicago O’Hare International Airport No. 4 Port of Newark and No. 5 Port of Tacoma, Wash.. In the current time period, the top five accounted for 64.72 percent of Vietnam’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 17.66 percent to $8.8 billion.
    Exports rose 0.07 percent to $690.97 million. Imports rose 19.45 percent to $8.1 billion.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 350.16 percent to $4.35 billion.
    Exports rose 20.27 percent to $176.99 million. Imports rose 409.48 percent to $4.17 billion.
  • Trade with No. 3 Port of Long Beach rose 34.23 percent to $2.22 billion.
    Exports rose 24.22 percent to $576.24 million. Imports rose 38.13 percent to $1.65 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 38.24 percent to $2.22 billion.
    Exports rose 7.97 percent to $78.23 million. Imports rose 39.67 percent to $2.14 billion.
  • Trade with No. 5 Port of Newark rose 19.45 percent to $1.89 billion.
    Exports rose 164.78 percent to $44.86 million. Imports rose 17.88 percent to $1.85 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 $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 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 $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Vietnam by value through May were the categories of Cotton; Computer chips; Plastics; Cell phones, related equipment; and Civilian aircraft, parts, respectively. They accounted for 39.58 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; Leather shoes; and Sweaters, pullovers, vests, knit or crocheted –– accounted for 43.36 percent of all inbound shipments.

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

  • Cotton rose 13.52 percent compared to last year to $810.63 million.
  • Computer chips rose 1.89 percent compared to last year to $438.68 million.
  • Plastics rose 476.04 percent compared to last year to $158.01 million.
  • Cell phones, related equipment rose 82.35 percent compared to last year to $153.49 million.
  • Civilian aircraft, parts rose 54.15 percent compared to last year to $121.41 million.

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

  • Cell phones, related equipment rose 173.2 percent compared to last year to $6.4 billion.
  • Furniture, parts rose 22.79 percent compared to last year to $1.68 billion.
  • Athletic, other textile shoes rose 8.36 percent compared to last year to $1.37 billion.
  • Leather shoes rose 18.84 percent compared to last year to $882.51 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 10 percent compared to last year to $865.15 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.