United States’ deficit with Vietnam narrows 1.14 percent in September

Vietnam’s exports to the United States fell slightly in September, likewise imports edged down, according to preliminary data from Vietnam’s General Department of Customs.

This saw Vietnam’s trade surplus with the United States narrow 1.14percent.

USA–Vietnam trade balance

Vietnam’s trade surplus with the US narrowed slightly in September, with exports down 1.53 percent month-on-month to US$13.72 billion and imports falling 4.55 percent to US$1.52 billion.

The monthly trade balance stood at US$12.20 billion, down 1.14 percent from August, bringing the year-to-date surplus to US$99.11 billion.

Vietnam–United States trade balance in September, US$millions

SeptemberAugustChangeYTD
Imports1,521.581,594.06-4.55%13,656.86
Exports13,724.6413,937.64-1.53%112,770.33
Total15,246.2115,531.70-1.84%126,427.19
Balance (Vietnam)12,203.0612,343.58-1.14%99,113.46

Vietnam exports to USA

Vietnam’s exports to the United States in September reached US$13.72 billion, down 1.53 percent month-on-month.

Computers, electrical products, and spare parts remained the largest export at US$4.18 billion, rising 8.26 percent from August and totalling US$30.28 billion year-to-date.

Machinery, equipment, tools, and instruments followed at US$2.25 billion, up 18.89 percent month-on-month, while textiles and garments dropped 20.05 percent to US$1.42 billion.

Telephones and parts fell 24.38 percent to US$804.71 million, and footwear declined 27.21 percent to US$611.54 million.

Toys and sports requisites increased 7.02 percent to US$771.52 million, while wood and wooden products slipped 3.67 percent to US$766.98 million.

Vietnam’s top 10 exports to the USA in September, US$million

SeptemberAugustChangeYTD
Other1,384.821,407.97-1.64%12,280.00
Computers, electrical products, and spare-parts4,179.373,860.438.26%30,276.74
Machine, equipment, tools and instruments2,252.431,894.5018.89%17,438.28
Textiles and garments1,422.011,778.72-20.05%13,489.97
Other products923.15940.35-1.83%7,394.39
Telephones, mobile phones and parts thereof804.711,064.10-24.38%8,333.30
Toys and sports requisites; parts and accessories771.52720.917.02%4,498.50
Wood and wooden products766.98796.20-3.67%6,967.92
Footwear611.54840.16-27.21%6,684.58
Other means of transportation, and parts306.07311.53-1.75%2,650.86
Plastic products302.05322.77-6.42%2,755.79

Vietnam imports from the USA

Computers and electrical products remained the largest import at US$454.78 million, down 2.17 percent.

Machinery and tools fell 5.88 percent to US$118.38 million, while cotton plunged 32.83 percent to US$81.29 million.

In contrast, pharmaceutical imports surged 143.4 percent to US$64.65 million, and plastics rose 27.85 percent to US$111.15 million.

Total imports from this market reached US$13.66 billion year-to-date, led by electronics and machinery.

Vietnam’s top 10 imports from the USA in September, US$millions

SeptemberAugustChangeYTD
Other315.39352.85-10.62%2,963.62
Computers, electrical products, and spare-parts454.78464.88-2.17%4,025.87
Other products172.49218.12-20.92%1,693.26
Machine, equipment, tools and instruments118.38125.77-5.88%915.23
Plastics111.1586.9427.85%855.00
Cotton81.29121.02-32.83%1,142.19
Animal fodders and animal fodder materials75.8468.5110.71%591.59
Pharmaceutical products64.6526.56143.40%374.92
Wood and wooden products52.9060.80-13.00%442.21
Textile, leather and footwear materials38.4732.5818.08%330.39
Chemical products36.2436.040.58%322.59

Vietnam–USA trade

The United States is Vietnam’s largest export market and a key partner in high-tech manufacturing and agricultural trade.

The two countries maintain a comprehensive strategic partnership focused on supply chain resilience, energy, and digital transformation.

See also: Vietnam Trade: Exports, Imports & FTAs

Correction: An earlier version of this article had September and August imports the wrong way around. This has since been corrected.

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