The mouse that roared: How Vietnam beat China and India in the export game
In 2026, Vietnam achieved a remarkable trade surplus of $114 billion with the United States, surpassing major competitors such as China, Mexico, and Taiwan, according to the Wall Street Journal. This is a significant turnaround for the country that was once a target of U.S. sanctions and lived in the shadow of China's immense population and economy.
Vietnam's trade surplus was only $114 billion, while China's was $202 billion and Mexico's was $197 billion. Vietnam's exports to the U.S. are now dominated by machinery, electronics, and appliances, with major companies like Samsung, Intel, and Foxconn having established significant operations in the country.
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