Quick Answer: What does the US export to Vietnam?

U.S. goods exports to Vietnam in 2019 were $10.9 billion, up 12.2% ($1.2 billion) from 2018 and up 250.7% from 2009. The top export categories (2-digit HS) in 2019 were: electrical machinery ($1.7 billion), cotton ($1.5 billion), aircraft ($787 million), plastics ($772 million), and machinery ($476 million).

What is the main export goods to Vietnam?

Economy of Vietnam

Statistics
Export goods Electronics, textiles products, machinery, footwear products, transportation products, wooden products, seafood products, steel, crude oil, pepper, rice and coffee
Main export partners China(+) 19.6% United States(+) 18.1% Japan(+) 7.43% South Korea(+) 7.09% (2018 est.)

What goods does the US trade with Vietnam?

The top U.S. imports from Vietnam are electric machinery and equipment, apparel and footwear, furniture, industrial machinery, fruits and nuts, leather goods, fish and iron and steel. Electric machinery and equipment is currently the top export from Vietnam to the U.S. and is also Vietnam’s No. 1 export worldwide.

What does Vietnam import to USA?

The top U.S. imports from Vietnam are electric machinery and equipment, apparel and footwear, furniture, industrial machinery, fruits and nuts, leather goods, fish and iron and steel. Electric machinery and equipment is currently the top export from Vietnam to the U.S. and is also Vietnam’s No. 1 export worldwide.

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What products does Vietnam import?

Vietnam mainly imports electrical machinery, computers, mobile devices, plastic, mineral fuels, iron and steel, and optical, technical, and medical equipment. However, new opportunities are emerging for manufacturers to export to Vietnam.

What is Vietnam’s biggest industry?

Main Sectors of Industry

Vietnam’s economy is based on large state-owned industries such as textiles, food, furniture, plastics and paper as well as tourism and telecommunications. Agriculture represented 14% of GDP and employs 36% of the total workforce in 2020 (World Bank).

How much does the US invest in Vietnam?

Attracting Investment

U.S. foreign direct investment into Vietnam has grown from under $1 billion in 2011 to over $2.6 billion in 2019. The U.S. trade war with China that started in 2017 lured some manufacturing out of China as U.S. companies sought to diversify supply chains.

Is Vietnam a poor country?

Vietnam is now defined as a lower middle income country by the World Bank. Of the total Vietnamese population of 88 million people (2010), 13 million people still live in poverty and many others remain near poor. Poverty reduction is slowing down and inequality increasing with persistent deep pockets of poverty.

What are the top 4 exports of Vietnam to the US today?

The top export categories (2-digit HS) in 2019 were: electrical machinery ($1.7 billion), cotton ($1.5 billion), aircraft ($787 million), plastics ($772 million), and machinery ($476 million).

What are the major imports and exports of Vietnam?

Top 10

  • Electrical machinery, equipment: US$96 billion (34.3% of total imports)
  • Machinery including computers: $26.9 billion (9.6%)
  • Plastics, plastic articles: $15.2 billion (5.4%)
  • Optical, technical, medical apparatus: $10 billion (3.6%)
  • Iron, steel: $9.8 billion (3.5%)
  • Mineral fuels including oil: $8.8 billion (3.1%)
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