Vietnam-US trade in 2013 up by 15.3%

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Coke VietnamTrade between the US and Vietnam is expected to rise 15.3 per cent in 2013 to a value of $28.7 billion, with Vietnam’s exports to the US expected to rise at a faster rate than its imports from the US, the American Chamber of Commerce in Vietnam (AmCham) said according to the Wall Street Journal.

Vietnam’s exports to the US may rise 16.7 per cent this year to $23.7 billion, while its imports from the US will likely rise 8.7 per cent to $5 billion, AmCham said on its website over the weekend.

The US is Vietnam’s second-largest trade partner after China. Data from the General Department of Vietnam Customs showed that Vietnam had a trade surplus with the US of $15.2 billion in the first 10 months of 2013. Meanwhile, Vietnam incurred a trade deficit of $19.7 billion with China in the January-October period, higher than a $16.4 billion deficit with China for the whole of last year.

AmCham said in the statement that Vietnam’s key exports to the US include textiles and apparel products, accounting for 36 per cent of Vietnam’s total exports to this market. Vietnam’s apparel exports to the US this year may rise 10.4 per cent to $8.5 billion.

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Reading Time: 1 minute

Trade between the US and Vietnam is expected to rise 15.3 per cent in 2013 to a value of $28.7 billion, with Vietnam’s exports to the US expected to rise at a faster rate than its imports from the US, the American Chamber of Commerce in Vietnam (AmCham) said according to the Wall Street Journal.

Reading Time: 1 minute

Coke VietnamTrade between the US and Vietnam is expected to rise 15.3 per cent in 2013 to a value of $28.7 billion, with Vietnam’s exports to the US expected to rise at a faster rate than its imports from the US, the American Chamber of Commerce in Vietnam (AmCham) said according to the Wall Street Journal.

Vietnam’s exports to the US may rise 16.7 per cent this year to $23.7 billion, while its imports from the US will likely rise 8.7 per cent to $5 billion, AmCham said on its website over the weekend.

The US is Vietnam’s second-largest trade partner after China. Data from the General Department of Vietnam Customs showed that Vietnam had a trade surplus with the US of $15.2 billion in the first 10 months of 2013. Meanwhile, Vietnam incurred a trade deficit of $19.7 billion with China in the January-October period, higher than a $16.4 billion deficit with China for the whole of last year.

AmCham said in the statement that Vietnam’s key exports to the US include textiles and apparel products, accounting for 36 per cent of Vietnam’s total exports to this market. Vietnam’s apparel exports to the US this year may rise 10.4 per cent to $8.5 billion.

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