The United States and Vietnam meet regularly on trade and investment issues, including under our 2007 Trade and Investment Framework Agreement, which provides a platform for addressing bilateral issues, monitoring Vietnam’s implementation of its WTO accession commitments, and coordinating on regional and multilateral issues. The latest information regarding significant trade barriers can be found in the 2024 National Trade Estimate Report, see here.
Vietnam Trade Summary
U.S. goods and services trade with Vietnam totaled an estimated $155.1 billion in 2024, up 20.5 percent ($26.4 billion) from 2023.
U.S. total goods trade (exports plus imports) with Vietnam was an estimated $149.5 billion in 2024. U.S. goods exports to Vietnam in 2024 were $13.0 billion, up 32.9 percent ($3.2 billion) from 2023. U.S. goods imports from Vietnam in 2024 totaled $136.5 billion, up 19.3 percent ($22.1 billion) from 2023. The U.S. goods trade deficit with Vietnam was $123.5 billion in 2024, an 18.0 percent increase ($18.9 billion) over 2023.
U.S. total services trade (exports plus imports) with Vietnam totaled an estimated $5.6 billion in 2024. U.S. services exports to Vietnam in 2024 were $3.6 billion, up 15.3 percent ($484 million) from 2023. U.S. services imports from Vietnam in 2024 were $1.9 billion, up 39.5 percent ($552 million) from 2023. The U.S. services trade surplus with Vietnam was $1.7 billion in 2024, a 3.9 percent decrease ($68 million) over 2023.
