Trade in goods with USA SITC (Standard International Trade Classification)
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Viet Nam trade flows with USA by SITC*) product sections during 2020/4 - 2020/8

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/4
%
2020/5
%
2020/6
%
2020/7
%
2020/8
%
Export0.80.70.60.70.7
Import3.03.03.33.84.1
Trade in Goods2.22.22.32.72.9

USA's foreign trade with Viet Nam, exports to Viet Nam and imports from Viet Nam in August 2020


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

Trade with Viet Nam represented in August of 2020, 2.9 per cent share of USA's foreign trade in goods, 0.7% of USA's exports and 4.1% of imports. In August Viet Nam was USA's seventh largest foreign trade partner. Most of the value of trade between the countries consists of the import to USA. Amounting trade to worth of $9.2 billion was 11.9 per cent bigger than in August of the previous year. In August the trade balance with Viet Nam was $7.6 billion in deficit for United States of America.

The value of imports from Viet Nam was 22.7 per cent higher than in August of the previous year, thus amounting to $8.4 billion. Major product categories of imports from Viet Nam were Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76), representing 28.9 percent of imports, Sitc821 (furniture and parts thereof; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings) 10.8 % and Sitc851 (footwear) 6.4 % of the imports.

The value of exports to Viet Nam amounted to more than a third lower relative to the previous year's August, thus amounting to $790 million in August 2020. The largest product groups of exports were: Sitc776 (thermionic, cold cathode or photo-cathode valves and tubes (e.g., vacuum or vapour or gas-filled valves and tubes, mercury arc rectifying valves and tubes, cathode-ray tubes, television camera tubes); diodes, transistors and similar semiconductor dev), which represented a share of 18.8 per cent of total exports, Sitc263 (cotton) 8.0 % and Sitc081 (feeding stuff for animals (not including unmilled cereals)) 5.6 % of the exports.

Development during January-August 2020

During January-August, the value of goods between the two countries rose to $55.6 billion. Growth compared to the corresponding period of the previous year was 11.0 percent. During January-August the value of imports was $49.0 billion. The export value was $6.6 billion. Compared to the corresponding period in 2019, the value of imports during this period increased by 14.4 %. The largest value in imports was in Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76), worth $10.2 billion. In export the largest value had Sitc263 (cotton), worth being $957 million. The value of exports during this period decreased by 9.0 %. From USA's point of view, the trade balance between the countries in January-August remained in deficit. The trade deficit was $42.4 billion. The trade deficit continued to widen compared to the corresponding period in 2019. At that time, the deficit was $35.5 billion.


Table: USA's export to Viet Nam (VN) during 2020/4 - 2020/8

2020 / 42020 / 52020 / 62020 / 72020 / 8
million $%million $%million $%million $%million $%
0. Food and live animals 164.8 21.1 106.3 15.7 115.9 17.2 123.1 16.0 173.6 22.0
00. Live animals 6.3 0.8 1.5 0.2 1.9 0.3 0.5 0.1 0.6 0.1
01. Meat and meat preparations 12.1 1.5 13.8 2.0 18.3 2.7 23.7 3.1 26.5 3.3
02. Dairy products and birds' eggs 15.7 2.0 19.5 2.9 11.4 1.7 11.9 1.5 14.8 1.9
03. Fish and fish preparations 7.10 1.0 4.5 0.7 2.3 0.3 2.3 0.3 9.2 1.2
04. Cereals and cereal preparations 46.2 5.9 5.10 0.9 16.8 2.5 0.9 0.1 39.4 5.0
05. Vegetables and fruit 14.3 1.8 17.9 2.6 22.5 3.3 31.9 4.1 22.4 2.8
06. Sugars,sugar preparations and honey 2.0 0.3 2.3 0.3 1.4 0.2 1.1 0.1 0.7 0.1
07. Coffee,tea,cocoa,spices 2.3 0.3 2.4 0.3 1.8 0.3 1.7 0.2 3.6 0.4
08. Feeding stuff for animals 45.6 5.8 28.8 4.3 34.2 5.1 37.1 4.8 44.7 5.6
09. Miscellaneous edible products and preparations 12.7 1.6 10.1 1.5 5.7 0.8 12.5 1.6 12.3 1.5
1. Beverages and tobacco 5.4 0.7 7.8 1.1 8.5 1.3 7.1 0.9 7.9 1.0
11. Beverages 5.4 0.7 6.8 1.0 4.9 0.7 4.9 0.6 4.2 0.5
12. Tobacco and tobacco manufactures 0.1 0.0 1.0 0.1 3.7 0.5 2.3 0.3 3.7 0.5
2. Crude materials,inedible,except fuels 220.5 28.2 194.2 28.7 186.1 27.6 218.2 28.4 149.5 18.9
22. Oil seeds,oleaginous fruits 40.0 5.1 25.4 3.8 16.3 2.4 12.6 1.6 12.3 1.5
23. Crude rubber (incl.synthetic) 2.3 0.3 1.6 0.2 1.1 0.2 2.3 0.3 2.1 0.3
24. Cork and wood 20.8 2.6 17.6 2.6 19.2 2.8 21.9 2.8 26.10 3.4
25. Pulp and waste paper 17.3 2.2 15.6 2.3 18.9 2.8 14.3 1.9 13.1 1.6
26. Textile fibres and their wastes 116.4 14.9 117.8 17.4 101.5 15.1 122.3 15.9 65.3 8.3
27. Crude fertilizers and crude minerals 1.1 0.1 0.4 0.1 0.4 0.1 0.6 0.1 0.6 0.1
28. Metalliferous ores and metal scrap 18.8 2.4 12.0 1.8 25.6 3.8 39.2 5.1 24.10 3.2
29. Crude animal,vegetable materials n.e.s. 4.2 0.5 3.9 0.6 3.2 0.5 5.1 0.7 4.5 0.6
3. Mineral fuels etc 1.8 0.2 21.2 3.1 3.0 0.4 6.10 0.9 15.4 1.9
33. Petroleum and products 1.6 0.2 0.6 0.1 3.0 0.4 0.7 0.1 1.5 0.2
34. Gas,natural and manufactured 0.2 0.0 20.6 3.0 0 0.0 6.3 0.8 13.9 1.8
4. Animal and vegetable oils and fats 0.5 0.1 0.5 0.1 0.5 0.1 0.2 0.0 0.8 0.1
42. Fixed vegetable fats and oils 0.4 0.0 0.5 0.1 0.5 0.1 0.2 0.0 0.8 0.1
5. Chemicals and related products,n.e.s. 90.9 11.6 100.2 14.8 86.7 12.9 101.8 13.2 94.0 11.9
51. Organic chemicals 4.2 0.5 7.7 1.1 3.6 0.5 13.2 1.7 4.4 0.5
52. Inorganic chemicals 7.0 0.9 14.2 2.1 9.2 1.4 5.9 0.8 6.3 0.8
53. Dyeing,tanning and colouring material 3.5 0.4 4.1 0.6 3.1 0.4 3.2 0.4 2.9 0.4
54. Medicinal and pharmaceutical products 12.1 1.5 15.1 2.2 13.6 2.0 11.2 1.4 14.8 1.9
55. Perfume,cleaning etc.preparations 7.2 0.9 9.3 1.4 7.4 1.1 10.5 1.4 10.3 1.3
57. Plastics in primary forms 38.7 4.9 32.5 4.8 32.8 4.9 41.5 5.4 34.6 4.4
58. Plastics in non-primary forms 5.8 0.7 3.5 0.5 4.7 0.7 3.8 0.5 4.3 0.5
59. Chemical materials and products,n.e.s. 12.7 1.6 14.0 2.1 12.4 1.8 12.6 1.6 16.2 2.0
6. Basic manufactures 30.7 3.9 25.4 3.7 27.9 4.1 26.4 3.4 29.6 3.7
61. Leather,dressed fur,etc. 6.4 0.8 1.5 0.2 1.3 0.2 2.5 0.3 2.0 0.2
62. Rubber manufactures,n.e.s. 0.6 0.1 0.6 0.1 1.3 0.2 1.1 0.1 0.10 0.1
63. Wood and cork manufactures 0.3 0.0 0.1 0.0 0.8 0.1 1.4 0.2 3.1 0.4
64. Paper,paperboard and articles thereof 2.4 0.3 2.6 0.4 1.6 0.2 1.8 0.2 0.9 0.1
65. Textile yarn,fabrics,made up articles,etc. 9.5 1.2 9.8 1.4 7.4 1.1 6.0 0.8 9.8 1.2
66. Non-metallic mineral manufactures,n.e.s. 1.8 0.2 5.2 0.8 7.10 1.2 4.6 0.6 4.1 0.5
67. Iron and steel 1.2 0.1 1.6 0.2 1.9 0.3 1.3 0.2 1.4 0.2
68. Non-ferrous metals 3.3 0.4 1.1 0.2 1.1 0.2 1.10 0.3 1.2 0.1
69. Manufactures of metals,n.e.s. 5.6 0.7 3.3 0.5 4.10 0.7 5.10 0.8 6.5 0.8
7. Machinery,transport equipment 208.7 26.7 176.5 26.1 186.9 27.7 231.1 30.1 250.7 31.7
71. Power generating machinery and equipment 2.2 0.3 2.1 0.3 8.8 1.3 6.0 0.8 6.5 0.8
72. Machinery for specialized industries 11.2 1.4 10.3 1.5 10.8 1.6 8.7 1.1 8.3 1.0
73. Metal working machinery 2.2 0.3 0.10 0.1 0.7 0.1 0.6 0.1 1.3 0.2
74. General industrial machinery n.e.s. 12.3 1.6 10.9 1.6 17.1 2.5 8.9 1.2 11.8 1.5
75. Office machines and adp machines 9.1 1.2 11.2 1.7 8.8 1.3 10.1 1.3 9.6 1.2
76. Telecommunications and sound recording equipment 30.7 3.9 34.4 5.1 29.5 4.4 32.8 4.3 40.5 5.1
77. Electric machinery,n.e.s.and parts 135.5 17.3 101.4 15.0 102.2 15.2 119.2 15.5 164.3 20.8
78. Road vehicles 3.10 0.5 3.0 0.4 7.1 1.1 12.9 1.7 5.5 0.7
79. Other transport equipment 1.9 0.2 2.6 0.4 2.1 0.3 32.3 4.2 3.3 0.4
8. Miscellaneous manufactured articles 45.6 5.8 38.5 5.7 52.4 7.8 48.7 6.3 60.4 7.6
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 0.2 0.0 0.3 0.0 0.4 0.1 0.4 0.0 0.10 0.1
82. Furniture and parts thereof 0.7 0.1 0.3 0.0 0.2 0.0 1.0 0.1 0.8 0.1
84. Articles of apparel and clothing accessories 0.4 0.0 0.5 0.1 0.3 0.0 0.2 0.0 0.7 0.1
85. Footwear 9.3 1.2 9.9 1.5 15.4 2.3 14.1 1.8 17.5 2.2
87. Instruments and apparates n.e.s. 22.8 2.9 15.9 2.3 21.0 3.1 20.8 2.7 18.0 2.3
88. Photographic equipment,optical goods etc. 2.6 0.3 1.9 0.3 2.10 0.4 2.3 0.3 2.2 0.3
89. Miscellaneous manufactured articles,n.e.s. 9.9 1.3 9.9 1.5 12.4 1.8 10.1 1.3 20.3 2.6
9. Goods not classified elsewhere 13.7 1.7 5.5 0.8 6.3 0.9 5.2 0.7 8.6 1.1
93. Special transactions and commodities not classified 9.0 1.1 1.5 0.2 1.8 0.3 0.3 0.0 3.3 0.4
97. Gold,non-monetary 0 0.0 0 0.0 0.6 0.1 0.2 0.0 0.6 0.1
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 4.7 0.6 4.1 0.6 4.0 0.6 4.8 0.6 4.8 0.6
0-9. All groups combined 782.1 100.0 675.7 100.0 673.7 100.0 768.5 100.0 789.10 100.0

Source: US Census Bureau

Table: Import from Viet Nam (VN) to USA during 2020/4 - 2020/8

2020 / 42020 / 52020 / 62020 / 72020 / 8
million $%million $%million $%million $%million $%
0. Food and live animals 281.8 5.7 295.9 6.1 276.7 4.7 299.4 4.0 297.8 3.6
00. Live animals 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.7 0.0
03. Fish and fish preparations 99.7 2.0 80.7 1.7 94.2 1.6 127.3 1.7 153.4 1.8
04. Cereals and cereal preparations 4.9 0.1 4.2 0.1 5.8 0.1 6.8 0.1 5.8 0.1
05. Vegetables and fruit 111.4 2.2 135.9 2.8 106.1 1.8 103.3 1.4 78.10 0.9
06. Sugars,sugar preparations and honey 5.9 0.1 8.0 0.2 6.5 0.1 6.8 0.1 6.8 0.1
07. Coffee,tea,cocoa,spices 48.6 1.0 51.8 1.1 49.9 0.8 37.4 0.5 38.6 0.5
08. Feeding stuff for animals 4.6 0.1 7.3 0.2 5.9 0.1 8.0 0.1 6.4 0.1
09. Miscellaneous edible products and preparations 6.9 0.1 8.2 0.2 8.5 0.1 9.8 0.1 7.2 0.1
1. Beverages and tobacco 2.7 0.1 4.3 0.1 3.2 0.1 2.4 0.0 2.2 0.0
11. Beverages 2.4 0.0 4.1 0.1 2.10 0.0 1.10 0.0 1.6 0.0
12. Tobacco and tobacco manufactures 0.3 0.0 0.2 0.0 0.2 0.0 0.5 0.0 0.6 0.0
2. Crude materials,inedible,except fuels 14.3 0.3 11.3 0.2 16.1 0.3 16.2 0.2 21.3 0.3
23. Crude rubber (incl.synthetic) 3.5 0.1 2.2 0.0 0.10 0.0 1.4 0.0 1.10 0.0
24. Cork and wood 1.8 0.0 1.10 0.0 1.4 0.0 2.2 0.0 1.5 0.0
26. Textile fibres and their wastes 4.6 0.1 2.9 0.1 2.7 0.0 3.8 0.1 4.3 0.1
27. Crude fertilizers and crude minerals 0.3 0.0 0.2 0.0 5.3 0.1 0.4 0.0 7.5 0.1
29. Crude animal,vegetable materials n.e.s. 4.2 0.1 4.1 0.1 5.8 0.1 8.5 0.1 5.10 0.1
4. Animal and vegetable oils and fats 1.6 0.0 1.8 0.0 3.0 0.1 2.2 0.0 2.1 0.0
42. Fixed vegetable fats and oils 1.6 0.0 1.4 0.0 2.8 0.0 1.9 0.0 1.6 0.0
5. Chemicals and related products,n.e.s. 30.1 0.6 27.8 0.6 23.5 0.4 26.9 0.4 31.2 0.4
51. Organic chemicals 2.3 0.0 2.2 0.0 1.8 0.0 1.7 0.0 2.0 0.0
52. Inorganic chemicals 1.3 0.0 2.3 0.0 2.3 0.0 1.7 0.0 1.3 0.0
53. Dyeing,tanning and colouring material 1.3 0.0 1.5 0.0 0.9 0.0 0.10 0.0 1.2 0.0
54. Medicinal and pharmaceutical products 0.2 0.0 0.1 0.0 0.4 0.0 0.6 0.0 0.3 0.0
55. Perfume,cleaning etc.preparations 3.1 0.1 3.6 0.1 3.3 0.1 4.10 0.1 9.7 0.1
57. Plastics in primary forms 10.3 0.2 7.9 0.2 3.8 0.1 3.6 0.0 4.4 0.1
58. Plastics in non-primary forms 9.4 0.2 8.5 0.2 8.8 0.1 10.6 0.1 9.4 0.1
59. Chemical materials and products,n.e.s. 2.4 0.0 1.9 0.0 2.4 0.0 2.7 0.0 3.1 0.0
6. Basic manufactures 394.1 7.9 427.5 8.8 527.8 9.0 508.0 6.7 507.2 6.1
61. Leather,dressed fur,etc. 2.7 0.1 2.7 0.1 3.2 0.1 4.4 0.1 3.7 0.0
62. Rubber manufactures,n.e.s. 69.7 1.4 61.2 1.3 51.9 0.9 79.4 1.0 75.5 0.9
63. Wood and cork manufactures 46.5 0.9 47.7 1.0 36.7 0.6 44.7 0.6 49.7 0.6
64. Paper,paperboard and articles thereof 27.9 0.6 42.1 0.9 58.5 1.0 33.6 0.4 28.1 0.3
65. Textile yarn,fabrics,made up articles,etc. 64.10 1.3 107.6 2.2 222.7 3.8 164.2 2.2 152.0 1.8
66. Non-metallic mineral manufactures,n.e.s. 44.4 0.9 32.5 0.7 37.6 0.6 42.2 0.6 42.7 0.5
67. Iron and steel 23.4 0.5 26.7 0.5 19.10 0.3 28.4 0.4 23.7 0.3
68. Non-ferrous metals 26.6 0.5 31.1 0.6 19.4 0.3 24.4 0.3 33.6 0.4
69. Manufactures of metals,n.e.s. 88.3 1.8 76.2 1.6 78.3 1.3 87.1 1.1 98.5 1.2
7. Machinery,transport equipment 1,803.2 36.3 2,114.7 43.6 2,676.5 45.4 3,375.3 44.6 4,132.3 49.3
71. Power generating machinery and equipment 38.6 0.8 48.3 1.0 46.4 0.8 54.8 0.7 61.6 0.7
72. Machinery for specialized industries 45.2 0.9 109.6 2.3 24.5 0.4 34.5 0.5 92.5 1.1
73. Metal working machinery 0.7 0.0 1.5 0.0 1.2 0.0 1.5 0.0 4.1 0.0
74. General industrial machinery n.e.s. 72.7 1.5 74.8 1.5 70.3 1.2 66.10 0.9 78.8 0.9
75. Office machines and adp machines 249.0 5.0 301.0 6.2 394.8 6.7 391.2 5.2 410.7 4.9
76. Telecommunications and sound recording equipment 708.2 14.3 905.10 18.7 1,386.6 23.5 2,026.3 26.8 2,536.7 30.3
77. Electric machinery,n.e.s.and parts 638.9 12.9 636.5 13.1 721.3 12.2 753.5 10.0 898.9 10.7
78. Road vehicles 44.5 0.9 33.6 0.7 29.7 0.5 36.3 0.5 40.1 0.5
79. Other transport equipment 5.9 0.1 3.9 0.1 2.2 0.0 10.7 0.1 9.2 0.1
8. Miscellaneous manufactured articles 2,417.6 48.7 1,908.5 39.4 2,350.6 39.9 3,318.8 43.8 3,366.10 40.2
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 12.5 0.3 13.5 0.3 19.1 0.3 27.7 0.4 36.6 0.4
82. Furniture and parts thereof 692.4 14.0 468.5 9.7 528.9 9.0 824.5 10.9 905.7 10.8
83. Travel goods,handbags and sim.containers 84.9 1.7 74.0 1.5 70.10 1.2 77.6 1.0 94.2 1.1
84. Articles of apparel and clothing accessories 827.2 16.7 669.4 13.8 948.6 16.1 1,389.2 18.4 1,323.8 15.8
85. Footwear 538.1 10.8 421.0 8.7 483.3 8.2 547.5 7.2 535.4 6.4
87. Instruments and apparates n.e.s. 32.1 0.6 25.1 0.5 26.3 0.4 31.8 0.4 39.10 0.5
88. Photographic equipment,optical goods etc. 5.6 0.1 5.9 0.1 5.10 0.1 7.4 0.1 7.9 0.1
89. Miscellaneous manufactured articles,n.e.s. 225.1 4.5 231.3 4.8 267.9 4.5 413.6 5.5 423.8 5.1
9. Goods not classified elsewhere 16.8 0.3 56.1 1.2 19.7 0.3 21.2 0.3 21.1 0.3
93. Special transactions and commodities not classified 6.6 0.1 46.1 1.0 7.8 0.1 9.1 0.1 7.5 0.1
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 10.3 0.2 10.0 0.2 11.10 0.2 12.1 0.2 13.7 0.2
0-9. All groups combined 4,961.7 100.0 4,847.4 100.0 5,896.8 100.0 7,569.10 100.0 8,381.8 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - August (Sitc)

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