The US Department of Commerce has announced that Vietnam’s exports to the US in the first seven months of the year earned US$7.9 billion, an increase of 14 percent over the same period last year.
Garments and textiles lead amongst Vietnam ’s major export items to the US , making $3.2 billion, a year-on-year increase of 12 percent and followed by wooden products and furniture with $985 million, up 27 percent and footwear, $910 million up 9.6 percent.
Farm produce is still one of Vietnam ’s top five leading export items, ranking in $455 million, up 30.7 percent and seafood, $366 million, up 5.9 percent.
Also under the reviewed period, Vietnam’s imports from the US were worth $2 billion, an increase of 19.8 percent, bringing the import-export turnover between the two countries to $9.9 billion, an increase of 15.1 percent over the same period last year.
The Vietnamese Embassy’s Office of Commercial Bureau estimates that Vietnam’s export turnover to the US will hit $14.2 billion by the end of this year, a year-on year increase of 15 percent.
