Vietnam reaches trade surplus with US of $13.26b

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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