Is Vietnam a trade deficit?

Does the US have a trade deficit with Vietnam?

For every dollar of trade, only 11 cents is a U.S. export. That U.S. deficit of $42 billion with Vietnam through the first six months of this year is, in fact, more than the total for the entire year of 2018, just three years earlier, when it was $39.53 billion.

Which countries run trade deficits?

Top 20 countries with the largest deficit

Rank Country CAB (Million US dollars)
1 United States -480,225
2 United Kingdom -121,921
3 Kenya -57,594
4 Brazil -50,927

Is Vietnam a non market economy?

Vietnam is one of 11 countries the U.S. designates as a “non-market economy.” This means Washington doesn’t believe Vietnam’s economy works on “market principles of cost or pricing structures….” Rather, Washington says the visible hand of government orchestrates economic outcomes, not the invisible hand of the market.

What is Vietnam’s biggest import?

Vietnam’s Top 10 Imports

  • Electrical machinery, equipment: US$96 billion (34.3% of total imports)
  • Machinery including computers: $26.9 billion (9.6%)
  • Plastics, plastic articles: $15.2 billion (5.4%)
  • Optical, technical, medical apparatus: $10 billion (3.6%)
  • Iron, steel: $9.8 billion (3.5%)

What is Vietnam’s biggest export?

Top 10

  • Electrical machinery, equipment: US$153.5 billion (44.1% of total exports)
  • Machinery including computers: $23.9 billion (6.9%)
  • Footwear: $23.8 billion (6.8%)
  • Clothing, accessories (not knit or crochet): $15.5 billion (4.5%)
  • Furniture, bedding, lighting, signs, prefab buildings: $15.5 billion (4.4%)
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Which countries have no debt?

The 20 countries with the lowest national debt in 2020 in relation to gross domestic product (GDP)

Characteristic National debt in relation to GDP
Macao SAR 0%
Hong Kong SAR 0.28%
Brunei Darussalam 2.85%
Afghanistan 7.79%

What country does the US have the largest trade surplus with?

Year-to-Date Total Trade

Rank Country Exports
Total, Top 15 Countries 697.2
1 Mexico 157.2
2 Canada 174.6
3 China 82.8

Does any country have a surplus?

Many of the leaders in high surplus are located on the Asian continent, such as Macau and Qatar.

Countries With The Highest Budget Surplus vs GDP.

Rank Country Surplus (as % of GDP)
1 Tuvalu 26.9 %
2 Macau 25.2 %
3 Qatar 16.1 %
4 Tonga 12.4 %

Does the US have a trade deficit with Japan?

Trade Balance

The U.S. goods trade deficit with Japan was $55.4 billion in 2020, a 19.9 percent decrease ($13.8 billion) over 2019. The United States has a services trade surplus of an estimated $7.4 billion with Japan in 2020, down 48 percent from 2019.

What is dumping under WTO?

Dumping in the GATT/WTO

Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country.

Is China a non-market economy?

The Department of Commerce currently designates China as a non-market economy and thus uses a surrogate country methodology to calculate “normal value” in antidumping investigations and administrative reviews involving China.