The bilateral exchange of products between the United States of America and Vietnam has been mutually benefitting both the trade authorities and facilitating the global growth of its export market. Due to the highly developed industrial sectors and a strong economy heavily based on the divergent rate of exports the USA has been importing a wide range of products from Vietnam ranging from industrial goods to textiles and agricultural goods as per its domestic needs. The robust economic ties of the nation have recorded an upward growth since 2020 with a staggering bilateral trade exchange value of 91.4 billion US dollars that keeps on growing with time.

Vietnam’s Customs Shipment Data says due to the higher fertility rate of Vietnam’s soil the country has recorded itself as a major agro goods exporter with agriculture holding a share of more than 15% in its export trade revenue. Seafood, coffee, rice, vegetables, and agricultural goods are some of the top exports to the USA which has led to a staggering export value of 18 billion US dollars.

Latest Key Trends of Vietnam to USA Exports in 2023

• Electronics dominated the exported goods list of Vietnam to the USA with a rate of 56 billion US dollars.

• Samsung Electronics led the top exporting companies by a rate of 64 billion US dollars in 2023.

• Agricultural goods hold a share of more than 15% of the total export trade of Vietnam.

• Vietnam’s export value to the USA in 2023 is recorded as 110 billion US dollars.

• Coffee records its name in the top exports of Vietnam to the USA with a rate of 12 billion US dollars in 2023 due to the growing demand.

What Are the Top Exports of Vietnam to the USA in 2023?

Diving into the details provided by the insight study of the Vietnam Import Data of 2023, the products imported from Vietnam according to the increasing domestic consumption requirements are

• Electronics and Machinery – The export trade value of Electronics and Machinery exports from Vietnam to USA in 2023 – 56 billion US dollars.

• Apparel and Textiles – The export trade value of Apparel and Textiles exports from Vietnam to the USA in 2023 – 42 billion US dollars.

• Footwear – The export trade value of Footwear exports from Vietnam to the USA in 2023 – 38 billion US dollars.

• Furniture – The export trade value of Furniture exports from Vietnam to the USA in 2023 – 25 billion US dollars.

• Seafood – The export trade value of Seafood exports from Vietnam to USA in 2023 – 18 billion US dollars.

• Coffee – The export trade value of Coffee exports from Vietnam to the USA in 2023 – 12 billion US dollars.

• Wood Products – The export trade value of Wood products exports from Vietnam to USA in 2023 – 10 billion US dollars.

• Rice – The export trade value of Rice exports from Vietnam to USA in 2023 – 9 billion US dollars.

• Rubber – The export trade value of Rubber exports from Vietnam to the USA in 2023 – 8 billion US dollars.

• Plastic Products – The export trade value of Plastic products exports from Vietnam to the USA in 2023 – 6 billion US dollars.

Top 10 Exporting Companies of Vietnam

According to the Vietnam Export Data, the top 10 exporting companies of the nation that exports majority of goods to the United States of America are discussed below,

• Samsung Electronics Vietnam
Products exported to USA – Electronics, smartphones, and home appliances
Valuation of exports – 64 billion US dollars.

• Nike Vietnam
Products exported to the USA – Footwear and apparel
Valuation of exports -58 billion US dollars.

• Adidas Vietnam
Products exported to the USA – Footwear and apparel
Valuation of exports – 47 billion US dollars.

• Vingroup
Products exported to USA – Electronics
Valuation of exports - 38 billion US dollars.

• LG Electronics Vietnam
Products exported to the USA – Home appliances, electronics
Valuation of exports – 25 billion US dollars.

• Intel Products Vietnam
Products exported to the USA – Semiconductors
Valuation of exports – 22 billion US dollars.

• Hoa Phat Group
Products exported to the USA – Steel products
Valuation of exports -18 billion US dollars.

• Giant (Mega) Group
Products exported to the USA – Furniture and wooden products
Valuation of exports – 15 billion US dollars.

• Duc Giang Chemicals Group
Products exported to the USA – Chemicals and fertilizers
Valuation of exports – 10 billion US dollars.

• Bamboo Airways
Products exported to the USA – Air transportation services
Valuation of exports - 8 billion US dollars.

Year-on-year Growth Trends on the Vietnam Export to the USA (Last 10 Years)

1. Valuation of exports from Vietnam to the USA in 2013 – 47 billion US dollars.

2. Valuation of exports from Vietnam to the USA in 2014 – 52 billion US dollars.

3. Valuation of exports from Vietnam to the USA in 2015 – 61 billion US dollars.

4. Valuation of exports from Vietnam to the USA in 2016 – 65 billion US dollars.

5. Valuation of exports from Vietnam to the USA in 2017 – 70 billion US dollars.

6. Valuation of exports from Vietnam to the USA in 2018 – 69 billion US dollars.

7. Valuation of exports from Vietnam to the USA in 2019 – 81 billion US dollars.

8. Valuation of exports from Vietnam to the USA in 2020 – 91 billion US dollars.

9. Valuation of exports from Vietnam to the USA in 2021 – 88 billion US dollars.

10. Valuation of exports from Vietnam to the USA in 2022 – 94 billion US dollars.

FAQ’s

Que. What is the export trade value of Vietnam’s exports to the USA in 2023?
Ans. The export trade value of Vietnam’s exports to the USA in 2023 is 110 billion US dollars.

Que. Name the top exporting company of Vietnam in 2023.
Ans. Samsung Electronics is the top exporting company of Vietnam in 2023.

Que. What is the top Vietnam export to the USA in 2023?
Ans. Electronics and machinery are the top Vietnam exports to the USA in 2023.

Que. Where can you get a detailed trade analysis of Vietnam’s export trade to the USA in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Vietnam’s export trade to the USA in 2023.

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