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Vietnam’s exports to US up 20 pct
Vietnam’s exports to the US in the first seven months of this year earned more than US$9.63 billion, a surge of 20.7 percent against the same period last year, according to the US International Trade Commission.
Among Vietnam ’s export items to the US, garments and textiles took the lead with $3.64 billion, a year-on-year increase of 18 percent, followed by footwear with nearly $1.15 billion, up 24.5 percent, and wood products with $998.5 million, up 4 percent.
The country’s electric and audio equipment brought home $485 million while fisheries and seafood generated $401 million.
During the reviewed period, Vietnam imported $2.46 billion worth of goods from the US, a rise of 19.9 percent over 2010.
Cotton materials, including yarn and cloth, topped the country’s import items from the US with turnover standing at $282.8 million, a year-on-year increase of 123 percent. It was followed by transport vehicles with $210 million, up 50 percent; and machinery, mechanical equipment and spare parts with $207.4 million, up 7 percent.
Vietnam-US two way trade is expected to reach $20 billion this year, up 10 percent against 2010 and a 13-fold increase over 2001.
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