Fact Check: "In 2024, the U.S. exported $13.1 billion worth of goods to Vietnam."
What We Know
The claim that the U.S. exported $13.1 billion worth of goods to Vietnam in 2024 is supported by multiple credible sources. According to the U.S. Trade Representative, U.S. goods exports to Vietnam indeed totaled $13.1 billion in 2024, marking a significant increase of 32.9% ($3.2 billion) from the previous year. Additionally, the U.S. Census Bureau corroborates this figure, indicating that the total trade between the two nations reached approximately $149.6 billion, with imports from Vietnam amounting to $136.6 billion.
Analysis
The evidence supporting the claim is robust, coming from reputable governmental sources such as the U.S. Trade Representative and the U.S. Census Bureau. The U.S. Trade Representative is a reliable source for trade statistics and policy, and the data provided aligns with other reports from the U.S. Census Bureau, which is responsible for collecting and analyzing economic data.
The increase in exports to Vietnam is notable, reflecting a growing trade relationship between the two countries. The reported figure of $13.1 billion is consistent across various sources, including Trading Economics, which also confirms the export value for 2024. This consistency across multiple independent sources enhances the credibility of the claim.
However, it is essential to consider the context of these figures. The overall trade deficit with Vietnam was reported at $123.5 billion, indicating that while exports are increasing, imports are significantly higher, which could reflect broader economic trends and trade dynamics.
Conclusion
Verdict: True. The claim that the U.S. exported $13.1 billion worth of goods to Vietnam in 2024 is accurate, supported by multiple credible sources that provide consistent data on U.S.-Vietnam trade relations.
Sources
- Vietnam - United States Trade Representative
- U.S. International Trade in Goods and Services, September 2024
- PDF U.S. International Trade in Goods and Services December and Annual 2024
- Trump Says U.S. Has Reached Trade Deal With Vietnam
- United States Exports to Vietnam - 2025 Data 2026 Forecast 1991-2024
- The top global health stories from 2024 | World Economic Forum
- How To Export From Vietnam To The United States // Regulations And Tariffs When Importing To The US
- The Future of Jobs Report 2025 | World Economic Forum