Vietnam-US trade turnover hit US$8.3 billion
Trade turnover between the US and Vietnam in the first six months of the year reached nearly US$8.3 billion, up 21 percent compared to the same period last year, according to a report from the US Census Bureau.
The US Department of Commerce (DOC) said Vietnam’s exports to the US amounted to US$6.488 million, up 21.7 percent from the same period last year.
Vietnam’s five key export items included garments and textiles, up 18.8 percent with the highest turnover of US$2.512 million, up 18.8 percent, followed by footwear up 30 percent to US$787.4 million, wood products, up 4.6 percent to US$683.4 million, electrical equipment and seafood products, up 46.6 percent to US$265.5 million. US exports to Vietnam increased by 22 percent to US$1.786 million.
Cotton and fabrics topped the list of US export items to Vietnam, up 189 percent to US$246.7 million, followed by machinery, mechanical equipment and spare parts, up 8 percent to US$195.2 million, means of transport (US$161.1 million), and machinery, electrical equipment and spare parts and meat (US$105 million).
In the remaining months of the year, import-export turnover between the US and Vietnam is expected to increase by 10 percent from last year’s US$18.3 billion level.
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