Vietnam reaches trade surplus with US of $13.26b

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Vietnam Hoi AnVietnam posted a trade surplus of $13.26 billion with the US in the first nine months of 2013, up from $10.92 billion a year earlier, the country’s customs department said on October 15. Vietnam’s overall trade surplus in the period was $13 million.

Imports from the US in the January-September period totaled $3.88 billion, up 6.4 per cent on year, the department said in a statement. Exports to the US rose to $17.14 billion during the period from $14.56 billion a year earlier, it added.

Major imports from the US included machinery with a value of $558 million, computers and accessories at $436 million, cotton at $394 million and animal feed at $300 million, the statement said.

Significant exports to the US were garments valued at $6.4 billion, footwear at $1.93 billion, wooden furniture at $1.4 billion and seafood at $1.02 billion.

The US is Vietnam’s second-largest trading partner. Vietnam’s trade surplus with the US was $14.44 billion in 2012 compared with $12.4 billion in 2011.

China has been Vietnam’s largest trading partner for nine years. Trade volume between the two countries exceeded $40 billion in the first eight months of this year, putting the annual target of $60 billion for 2015 within reach.

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Reading Time: 1 minute

Vietnam posted a trade surplus of $13.26 billion with the US in the first nine months of 2013, up from $10.92 billion a year earlier, the country’s customs department said on October 15. Vietnam’s overall trade surplus in the period was $13 million.

Reading Time: 1 minute

Vietnam Hoi AnVietnam posted a trade surplus of $13.26 billion with the US in the first nine months of 2013, up from $10.92 billion a year earlier, the country’s customs department said on October 15. Vietnam’s overall trade surplus in the period was $13 million.

Imports from the US in the January-September period totaled $3.88 billion, up 6.4 per cent on year, the department said in a statement. Exports to the US rose to $17.14 billion during the period from $14.56 billion a year earlier, it added.

Major imports from the US included machinery with a value of $558 million, computers and accessories at $436 million, cotton at $394 million and animal feed at $300 million, the statement said.

Significant exports to the US were garments valued at $6.4 billion, footwear at $1.93 billion, wooden furniture at $1.4 billion and seafood at $1.02 billion.

The US is Vietnam’s second-largest trading partner. Vietnam’s trade surplus with the US was $14.44 billion in 2012 compared with $12.4 billion in 2011.

China has been Vietnam’s largest trading partner for nine years. Trade volume between the two countries exceeded $40 billion in the first eight months of this year, putting the annual target of $60 billion for 2015 within reach.

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