Vietnam’s exports to US reach over US$35 billion in first nine months

Wednesday, 2018-10-24 17:53:44
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Seafood is one of Vietnam's largest exports to the US. (Photo: Tap chi cong thuong)
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NDO - Vietnam’s exports to the US in the first nine months of the year were estimated at US$35 billion, up 13.2% over the same period of 2017, according to a report on the government website.

Seven groups of Vietnamese exports to the US reported revenues of more than US$1 billion each, with garments being the highest-performing exports at US$10.33 billion, up 11.6% year on year and accounting for nearly 46% of Vietnam’s exports to the US.

The export of footwear products brought in US$4.27 billion, followed by phones and phone components at US$4.12 billion.

Timber exports generated revenue of US$2.73 billion, while the figure for computer exports was US$2.07 billion.

The respective export revenues of machinery and seafood were US$2.34 billion and US$1.14 billion.

Data from the General Department of Customs also showed that Vietnam imported US$9.55 billion worth of US goods in the first nine months of 2018, up 36% compared with the same period of 2017.

Since the Vietnam-US bilateral trade agreement came into effect in 2000, Vietnam’s exports to the world’s largest economy have been growing strongly year after year, from US$730 million in 2000 to US$41.6 billion in 2017.