Vietnam - US trade exchange in January of 2025
Friday, March 7,2025
AsemconnectVietnam - In January of 2025, Vietnam's export turnover to the US reached 10.4 billion USD while Vietnam's import turnover from the US reached 1.1 billion USD.
Vietnam's exports of goods to the US market in January of 2025
According to statistics from the General Department of Customs, Vietnam's export turnover to the US market in January of 2025 reached more than 10.4 billion USD, down by 0.3% compared to the previous month and up by 4.4% compared to the same period last year.
Currently, more than half of Vietnam's export value to the US was high-tech products (consumer electronics, smart phones), garments and footwear products, the rest are other products such as furniture and agricultural products.
Vietnam's main export items to the US in 2024 and January of 2025
In 2024, the leading export turnover was computers, electronic products and components, reaching more than 23.2 billion USD, up by 36.3% over the same period last year, accounting for 19.4% of the export proportion. The next was the group of machinery, equipment, tools and spare parts with 22.05 billion USD, up by 21.1% over the same period last year, accounting for 18.4%; and then was textiles and garments reaching 16.1 billion USD, accounting for 13.5% of the export proportion.
In January of 2025, the leading export turnover was still the group of computers, electronic products and components reaching nearly 2.2 billion USD, up by 22.6% over the same period last year, accounting for 20.9% of the export proportion. The next was the group of machinery, equipment, tools and spare parts reaching 1.6 billion USD, up by 4.8% over the same period last year, accounting for 15.6%.
Items with increased export turnover in the first month of 2025 compared to the previous year included textiles and garments increased by 5.8%; plastic products increased by 13.9%; toys, sports equipment and parts increased by 128.9%; electric wires and cables increased by 38.2%; fruits and vegetables increased by 38.7%; glass and glass products increased by 57.5%.
The US is currently leading Vietnam's export markets. Meanwhile, Vietnam has become a major trading partner of the US and an important link in the supply chain of many types of goods for the US market.
Among Vietnam's export items to the US, agricultural products, seafood, furniture, decoration, etc. occupied a very important position. Because these are the strong commodity groups of Vietnam and the US has great demand.
Vietnam's imports of goods from the US in January of 2025
According to preliminary statistics from the General Department of Customs, the import turnover of goods from the US in January of 2025 reached 1.1 billion USD, down by 24.6% compared to the previous month and down by 6.4% compared to the same period last year.
Of the 43 imported goods from the US (excluding other goods), the most imported goods from the US market were the group of computers, electronic products and components reaching 386.2 million USD, up by 25.5% compared to the previous month and up by 23% compared to the same month last year, accounting for 33.4%.
The next was soybeans, reaching 72 million USD, down by 41.7% compared to the previous month, up by 31% compared to the same period last year, accounting for 6.9% of the export proportion.
Some items with increased import turnover compared to the previous month, such as cotton of all kinds increased by 45.7%; chemicals increased by 31.4%; wheat imports increased by 181.9%; cameras, camcorders and components increased by 45.8%; completed automobiles of all kinds increased by 95.2%.
Regarding the upcoming US trade policy, AmCham Executive Director Adam Sitkoff said: "President Donald Trump has emphasized the need for more balanced trade relations.
This requires the business communities of the two countries to raise the level of bilateral trade and investment, and coordinate with the government to remove barriers and challenges" as well as cooperate in many fields, maintain stable trade relations, towards a harmonious, sustainable and mutually beneficial trade balance.
CK
Source: VITIC
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