Vietnamese exports to US market enjoy vigorous growth

The country’s trade exchange of goods with the Americas, in particular to the US market, rose by 12% on-year to approximately US$70 billion during the reviewed period, therefore making the US become the continent posting the highest export growth.

The nation’s key export items to the US include textiles and garments, with export revenue reaching more than US$9 billion, mobile phones and accessories, with a value of approximately US$6.2 billion, computers, electronic products and components at US$6.3 billion, in addition to footwear products at roughly US$ 4 billion.

Furthermore, the country also raked in US$6.2 billion from exporting machinery, equipment, and other spare parts to the US market, while simultaneously earning US$4 billion and over US$1 billion from exporting wood and seafood products, respectively to the fastidious market.

The department’s latest data revealed that total Vietnamese import-export turnover during the eight-month period reached over US$337 billion, equivalent to the same period last year, with the trade surplus recording highs of over US$13.5 billion.

Moreover, Vietnamese import and export revenue with Asia continued to make up the highest proportion with 64% during the eight-month period. Indeed, import-export value to this market was recorded at approximately US$216 billion, representing a year-on-year decline of 2%.

Elsewhere, the country's import and export value to other continents such as Europe, Oceania, and Africa suffered decreases of 5.7%, 0.8%, and 6% on-year to US$41 billion, US$ 6.3 billion, and US$4.47 billion, respectively.