Vietnam – US trade turnover on the rise

In the first 10 months of this year, the import and export output between Vietnam and the USA reached nearly US$15.3 billion, an increase of 20 percent over the same period last year, announced the US Department of Commerce.

Of the total, Vietnam’s exports to the USA reached US$12.3 billion (up 20.3 percent). Vietnam is ranked as the 26th exporter to the USA.

The highest output comes from garment export with US$5 billion (up 16 percent), followed by the wooden furniture with US$1.5 billion (32.8 percent) and footwear with US$1.35 billion (23.3 percent).

Agricultural products export output increased by 35.5 percent to reach US$719,500 while seafood exports reached US$666,700 (up 20.7 percent).

Vietnam’s import from the USA reached US$2.97 billion, an increase of 19.2 percent over the same period of 2009. These include mainly vehicles, woodwork, manufacture equipment and cattle food.

Especially, the amount of cattle food imported from the USA has increased dramatically by over 152.7 percent, exceeding other US products imported to Vietnam, due to its quality and competitive price. – VOV

Tags: Vietnam US Trade

Posted by VBN on Dec 21 2010. 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