Vietnam – US trade exchange saw positive growth
Sunday, May 21,2017AsemconnectVietnam - The U.S was still the biggest export market of Vietnam and the second biggest trade partner of Vietnam after China.
In the first four months of this year, the bilateral trade exchange between Vietnam and the U.S reached nearly US$ 15.5 billion, increased by 11 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Of the figure, the country exported $ 12.4 billion worth of goods to and imported over $ 3 billion worth of goods from the U.S, up by nearly 8.7 per cent and 22 per cent, respectively over the same period of 2016. So the country got $ 9.4 billion of surplus in trade exchange with the U.S.
The U.S was still the biggest export market of Vietnam and the second biggest trade partner of Vietnam after China.
Textiles and garments were leading the list of items exported by the country to the U.S in the first four months of this year with the export turnover of $ 3.6 billion, up by 7 per cent year – on – year and accounted for over 29 per cent of the total and accounted for 49 per cent of the total.
The followings were footwear with $ 1.5 billion, up by 13.9 per cent; cell phones and accessories - $ 1.4 billion, down by 5 per cent year – on – year.
In the reviewed period, the country’s exports of animal feed and materials to the U.S increased sharply by 78 per cent to $ 7.2 million; rubber – up by 78 per cent to $ 17 million; coffee – up by 43.7 per cent to $ 206 million.
However, the country’s exports of precious stones, metals and products to the U.S decreased by 36.3 per cent and the exports of pepper to the U.S decreased by 36.6 per cent.
Vietnam’s exports of goods to the U.S in the first four months of 2017 – Unit: US$ - source: the General Department of Customs
Item
|
First 4 months of 2017
|
First 4 months of 2016
|
First four months of 2017 vs. same period of 2016 (%)
|
Total
|
12,444,975,167
|
11,451,463,426
|
+8.68
|
Textiles and garments
|
3,636,577,802
|
3,399,847,906
|
+6.96
|
Footwear of all kinds
|
1,514,928,219
|
1,330,360,175
|
+13.87
|
Cell phones and accessories
|
1,392,475,026
|
1,466,181,598
|
-5.03
|
Wood and furniture
|
959,496,798
|
825,533,334
|
+16.23
|
Computers, electronics and components
|
816,801,287
|
820,095,604
|
-0.40
|
Machines, equipment and spare parts
|
813,723,167
|
632,217,692
|
+28.71
|
Handbags, wallets, suitcases, hats and umbrellas
|
439,400,077
|
424,859,519
|
+3.42
|
Seafood
|
360,975,613
|
407,739,040
|
-11.47
|
Means of transport and spare parts
|
315,232,871
|
227,274,245
|
+38.70
|
Cashew nuts
|
278,790,083
|
225,178,333
|
+23.81
|
Coffee
|
206,007,714
|
143,356,140
|
+43.70
|
Plastic products
|
115,764,184
|
101,205,426
|
+14.39
|
Iron and steel products
|
113,457,527
|
99,193,413
|
+14.38
|
Toys, sports equipment and spare parts
|
111,706,369
|
96,824,305
|
+15.37
|
Iron and steel of all kinds
|
109,540,867
|
107,166,428
|
+2.22
|
Pepper
|
87,818,140
|
138,550,082
|
-36.62
|
Precious stones, metals and products
|
74,324,454
|
116,698,073
|
-36.31
|
Other ordinary metals and products
|
70,773,685
|
58,947,897
|
+20.06
|
Technical cloth
|
51,002,691
|
55,664,333
|
-8.37
|
Fruit and vegetables
|
34,575,221
|
29,922,611
|
+15.55
|
Rubber products
|
34,470,849
|
31,615,702
|
+9.03
|
Paper and products
|
32,061,567
|
34,071,802
|
-5.90
|
Ceramic and porcelain products
|
25,468,177
|
19,776,601
|
+28.78
|
Electric wires and cables
|
24,536,222
|
20,054,003
|
+22.35
|
Cameras, camcorders and components
|
18,703,241
|
1,719,908
|
+987.46
|
Bamboo, rattan, sedge and carpet products
|
18,337,235
|
20,431,676
|
-10.25
|
Glass and products
|
18,248,031
|
17,519,874
|
+4.16
|
Rubber
|
16,909,417
|
9,495,740
|
+78.07
|
Crude oil
|
14,197,445
|
19,668,815
|
-27.82
|
Textile, garment, leather and footwear materials
|
13,997,510
|
17,213,790
|
-18.68
|
Chemicals
|
12,756,535
|
16,145,508
|
-20.99
|
Confectionery and grain products
|
11,872,407
|
10,668,366
|
+11.29
|
Chemical products
|
9,754,609
|
12,964,077
|
-24.76
|
Animal feed and materials
|
7,176,009
|
4,030,617
|
+78.04
|
Fibers of all kinds
|
5,747,194
|
8,378,503
|
-31.41
|
Rice
|
4,784,547
|
5,932,758
|
-19.35
|
Tea
|
1,888,731
|
2,015,813
|
-6.30
|
CK
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