Monday, November 18,2019 - 6:59 GMT+7  Việt Nam EngLish 

Vietnam to speed up exports to U.S 

 Friday, October 4,2019

AsemconnectVietnam - Vietnam’s exports of goods to the US market in the first 8 months of 2019 reached 39.26 billion USD, up by 27.4 per cent over the same period of 2018.

According to the figures from the General Department of Customs, Vietnam's merchandise exports to the U.S in August 2019 continued to grow well, up by 14.5 per cent compared to July of 2019 and up by 28.6 per cent compared to August of 2018 to 6.29 billion USD. The figure brought the country’s total this market in the first 8 months of 2019 to 39.26 billion USD, up by 27.4 per cent over the same period of 2018.

The group of textiles and garments ranked first in turnover, with 9.95 billion USD, accounting for 25.3 per cent of Vietnam's total exports to the U.S, up by 9.2 per cent over the same period last year; mobile phones and accessories ranked second in turnover with 6.16 billion USD, accounting for 15.7 per cent of total turnover, up by 74.3 per cent; and then footwear with 4.35 billion USD, up by 14.2 per cent, accounting for 11 per cent; computers, electronic products and components 3.45 billion USD, up by 88.4 per cent, accounting for 8.8 per cent; wood and wooden products - reached 3.18 billion USD, up by 33 per cent, accounting for 8.1 per cent; machinery, equipment, tools and spare parts - 2.95 billion USD, up by 45.9 per cent, accounting for 7.5 per cent.

In the first 8 months of this year, the country’s exports of most goods to the U.S increased in turnover over the same period in 2018; in which electric wire and cable group saw the strongest increase of 245.9 per cent, reaching 188.47 million USD; the group of rattan, bamboo, rush and carpet products also increased sharply by 97 per cent to reach 86.35 million USD; paper and paper products increased by 79.9 per cent, reaching 138.82 million USD; textile, garment, leather and footwear materials increased by 62.5 per cent to 43.06 million USD.

However, iron and steel exports to the U.S plunged the most by 52 per cent, reaching 257.46 million USD; coffee also dropped by 28.9 per cent to 176.03 million USD; cashew nuts - decreased by 22.4 per cent to 685.26 million USD.
The experts said that Vietnam's exports to the US market are still wide open, requiring reasonable solutions to maintain sustainable exports to this market.
Vietnam’s exports of goods to the U.S in the first 8 months of 2019 – Unit: USD – source: the General Department of Customs
Item
August of 2019
+/- vs. July of 2019(%)
First 8 months of 2019
+/- vs. same period of 2018 (%)
 
Total
 
6,291,001,806
 
14.52
 
39,259,903,653
 
27.41
Textiles and garments
1,470,878,532
0.63
9,951,695,141
9.19
Telephones and components
1,282,650,059
84.06
6,162,985,561
74.28
Footwear of all kinds
595,628,444
3.94
4,346,958,654
14.18
Computers, electronic products and components
595,289,985
5.32
3,454,281,325
88.42
Wood and furniture
484,235,489
6.79
3,184,856,896
33.03
Machines, equipment and spare parts
473,801,487
13.67
2,954,750,209
45.93
Others
276,815,591
7.15
1,841,355,863
 
Means of transport and spare parts
170,833,000
-5.89
1,103,230,997
29.99
Handbags, wallets, suitcases, hats and umbrellas
155,674,616
0.63
1,075,370,373
27.23
Seafood
152,522,559
-0.07
955,103,964
-2.83
Cashew nuts
99,303,740
-6.25
685,262,671
-22.41
Iron and steel products
65,449,068
22.03
443,394,432
47.45
Toys, sport equipment and spare parts
106,823,386
59.33
420,384,565
39.91
Plastic products
64,305,634
3.84
415,303,809
32.7
Other ordinary metals and products
34,751,163
-22.9
294,389,143
28.95
Precious stones, metals and products
50,108,239
63.12
266,924,466
4.42
Iron and steel of all kinds
14,064,027
-30.35
257,455,214
-52.07
Electric wires and cables
38,074,397
23.6
188,471,167
245.88
Coffee
13,601,468
-11.43
176,031,940
-28.92
Paper and products
19,768,463
6.86
138,820,266
79.87
Other technical fabrics
15,071,262
-0.46
136,993,233
10.67
Rubber products
16,605,360
-4.65
121,506,191
27.81
Pepper
12,345,528
9.78
100,837,594
-10.46
Fruits and vegetables
15,623,740
12.9
99,568,485
14.46
Bamboo, rattan, sedge and carpet products
12,364,455
-9.89
86,354,295
96.99
Ceramic and porcelain products
6,293,431
-9.86
59,813,550
18.04
Cameras, camcorders and components
7,297,057
9.55
54,158,807
34.24
Confectionery and grain products
6,935,351
9.22
44,376,219
23.88
Textile, garments, leather and footwear materials
6,349,729
6.26
43,056,832
62.5
Glass and products
6,066,651
0.48
41,511,204
-3.54
Fibers of all kinds
4,314,092
-18.52
38,827,992
31.62
Rubber
3,850,227
-32.16
27,281,637
-0.91
Chemicals
3,504,586
-36.01
26,565,297
26.07
Animal feed and materials
4,806,997
0.9
26,244,029
-2.95
Chemical products
2,840,536
-17.75
23,515,301
11.54
Rice
1,168,811
7.23
7,153,827
-13.38
Tea
984,644
31.13
5,112,503
3,33
CK
Source: VITIC

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