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VN’s exports to U.S. rise sharply

VGP - The two-way trade volume between Viet Nam and the U.S. increased from US$ 18 billion in 2010 to nearly US$ 60.3 billion in 2018, according to preliminary statistics released by the General Department of Viet Nam Customs.

March 05, 2019 4:18 PM GMT+7

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The total value of 10 largest Vietnamese commodity groups exported to the U.S. market in 2018 reached US$ 40.58 billion, accounting for 85.4% of the total value of exports to the U.S.

Footwear brought US$ 5.82 billion, textiles and garments earned US$ 13.7 billion, cell-phones and components reached US$ 5.41 billion, wood and wood products gained US$ 3.9 billion. 

There were nearly 7,200 Vietnamese enterprises exporting goods to this market in 2018, an increase of 7.6%

The growth rate of import-export turnover between the two countries increased with an average of more than 16% per year, whereas the growth rate of Viet Nam’s goods export to the U.S. market grew sharply from US$ 14.24 billion in 2010 to US$ 47.53 billion in 2018, pushing trade balance in 2018 to reach a surplus of nearly US$34.8 billion, equaling to 73.2% of the country's export value to the U.S. market./.

 By Vien Nhu