The growth rate of import-export turnover between the two countries increased with an average of more than 16 percent per year, whereas the growth rate of Vietnam’s goods export to the United States 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$34.8 billion, equaling to 73.2 percent of Vietnam's export value to the US market. According to the General Department of Vietnam Customs’ statistics, the total value of 10 largest Vietnamese commodity groups exported to the US market in 2018 reached US$ 40.58 billion, accounting for 85.4 percent of the total value of exports to the United States. Textiles and garments earned US$ 13.7 billion, footwear brought US$ 5.82 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 … [Read more...] about Vietnam’s goods export to US increases sharply
Vietnam exports to us
Pangasius exports to US market rocket in Q3
Seafood was among the top four export items that saw the strongest growth in the last nine months - Photo: VNA Vietnam News Agency quoted data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showing that, by the end of September, the total export value of Vietnamese pangasius reached USD1.59 billion, up 22.6% compared to the same period last year. In which, exports to the US market increased strongly since the beginning of the third quarter. In August, the figure reached USD65.9 million, up 256% over the same period last year. This trend continued in September, with exports worth nearly USD48 million, up 152.5% from the same period last year. By the end of September, the total value of catfish exports to the US reached USD369.1 million, up 42.9% year on year. According to exporters, the reason for the rocketed growth is mainly due to stable market demand and considerable price increases. Opportunities to promote the export of pangasius to the US market are … [Read more...] about Pangasius exports to US market rocket in Q3
Vietnam’s exports to US exceed US$35 billion in 9 months
Since the Vietnam-US free trade agreement came into effect in at the turn of the millennium in 2000, the bilateral trade value between the two countries has constantly gone up. It increased from US$730 million in 2000 to US$41.6 billion in 2017. It shows the strength of relations and both economies of the two countries. In the first nine months of this year, seven groups of products exported to the US obtained a value of more than US$1 billion each. Garment topped exported items with a huge value of US$10.33 billion, up 11.3% and accounting for nearly 46% of Vietnam’s total exports to the US showing what a key market it is. It was trailed by footwear (US$4.27 billion), telephones and components (US$4.12 billion), wood and timber products (US$2.73 billion), computers, electronics and components (US$2.07 billion), machines, equipment and tools (US$2.34 billion) and lastly seafood (US$1.14 billion). In the opposite direction, Vietnam imported US$9.55 billion worth of products from … [Read more...] about Vietnam’s exports to US exceed US$35 billion in 9 months
Pangasius exports to US marker rocket in Q3
>>> Seeking "swimming path" for catfish exports Vietnam News Agency quoted data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showing that, by the end of September, the total export value of Vietnamese pangasius reached US$1.59 billion, up 22.6% compared to the same period last year. In which, exports to the US market increased strongly since the beginning of the third quarter. In August, the figure reached US$65.9 million, up 256% over the same period last year. This trend continued in September, with exports worth nearly US$48 million, up 152.5% from the same period last year. By the end of September, the total value of catfish exports to the US reached US$369.1 million, up 42.9% year on year. According to exporters, the reason for the rocketed growth is mainly due to stable market demand and considerable price increases. Opportunities to promote the export of pangasius to the US market are increasingly clear as the industry received good news in … [Read more...] about Pangasius exports to US marker rocket in Q3
Vietnam sees strong growth in aquatic exports to US
Illustrative photo (Source: VNA) Hanoi (VNA) – Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to 188.7 million USD, pushing the total revenue in the first eight months of this year to 982.9 million USD, up 7 percent over the same period last year. According to the Import-Export Department under the Ministry of Industry and Trade, in the rest of the year, aquatic exports to the market will see good growth, especially shrimp. The department noted that the US Department of Commerce has announced the results of the 12th Period of Review on shrimp imports from Vietnam, according to which anti-dumping tariff on the product are reduced to 4.58 percent from 25.39 percent. After slow growth in June and July, export revenue of aquatic products in August recovered to 5.59 billion USD, up 7.8 percent over the same period last year. The Vietnam Association of Seafood Exporters and Producers (VASEP) predicted that export revenue of … [Read more...] about Vietnam sees strong growth in aquatic exports to US