EXPORTS TO U.S. RISE BY 23% IN JAN-OCT

Revenue from goods exports to the United States amounted to US$76.8 billion between January and October, up 23.1% year-on-year, according to statistics from the General Department of Vietnam Customs.

The United States became Vietnam’s largest buyer of commodities over the past 10 months.

Vietnam exported computers, electronics products and accessories worth a total of US$10.5 billion to the United States during the 10-month period, up 23.8% year-on-year. In addition, the export revenue of machinery, equipment and components to the U.S. over the past 10 months soared by 47.2% year-on-year, at US$13.4 billion, while the export of smartphones and accessories to this market inched up 1.4%.

Also, between January and October, the United States was Vietnam’s largest footwear importer, with a value of US$5.9 billion, up 18.2% year-on-year, while apparel exports stateside fetched US$12.8 billion during the 10-month period, up 10.2% year-on-year.

Meanwhile, Vietnam saw its goods imports from the United States between January and October rise by 12.6%, year-on-year, at US$12.8 billion.

In the year to October, Vietnam spent US$269.65 billion importing goods, up 28.3% year-on-year, while exporting goods worth US$269.77 billion, up 17.4%. As such, the country enjoyed a modest trade surplus of some US$120 million during the period.

Source: The Saigon Times