Vietnam’s exports to US up 20 per cent

Vietnam ’s exports to the US in the first seven months of this year earned more than $9.63 billion, a surge of 20.7 per cent against the same period last year, according to the US International Trade Commission.

Among Vietnam ’s export items to the US , garments and textiles took the lead with $3.64 billion, a year-on-year increase of 18 per cent, followed by footwear with nearly $1.15 billion, up 24.5 per cent, and wood products with $998.5 million, up 4 per cent.

The country’s electric and audio equipment brought home $485 million while fisheries and seafood generated $401 million.

During the reviewed period, Vietnam imported 2.46 billion worth of goods from the US , a rise of 19.9 per cent over 2010.

Cotton materials, including yarn and cloth, topped the country’s import items from the US with turnover standing at $282.8 million, a year-on-year increase of 123 per cent. It was followed by transport vehicles with $210 million, up 50 per cent; and machinery, mechanical equipment and spare parts with $207.4 million, up 7 per cent.

Vietnam-US two way trade is expected to reach $20 billion this year, up 10 per cent against 2010 and a 13-fold increase over 2001. – VIR

Tags: Vietnam exports, Vietnam exports 2011, Vietnam trade

Posted by VBN on Sep 16 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry