Figure 2

US reporting gaps with China and Vietnam run in opposite directions

Reported bilateral exports to America from China and Vietnam less reported US imports, billions of US dollars, January 2018–July 2026

Notes: Monthly reporting gaps equal partner-reported exports to the United States, valued free on board (FOB), minus US general imports at customs value. Positive values indicate that reported exports exceed US-recorded imports.
Source: Author’s calculations using China Customs and Hong Kong Census and Statistics Department interactive trade tables; Vietnam Customs’ monthly export reports; US Census Bureau; and Federal Reserve Economic Data (FRED).Download image