Export to US increases 26.5 percent

Vietnam has raked in 3.9 billion USD from its exports to the US since the beginning of 2014, a year-on-year surge of 26.5 percent, according to latest statistics released by the General Department of Customs.
Vietnam has raked in 3.9 billion USD from its exports to the US since the beginning of 2014, a year-on-year surge of 26.5 percent, according to latest statistics released by the General Department of Customs.

The garment and textile sector, which contributed 36 percent (8.6 billion USD) to the national export earnings from the US market in 2013, continued to lead exports to the US this year, followed by wooden products, aquatic products, and footwear.

Domestic importers have spent 936 million USD purchasing goods from the US in the reviewed period, a year-on-year increase of 22.4 percent.

In total, two-way trade turnover between the two countries in the first two months of 2014 reached an estimated 4.9 billion USD, up 25.8 percent from one year ago.

Last year, two-way trade reached 29.10 billion USD, a year-on-year hike of 18.8 percent, of which 23.87 billion USD was Vietnam’s export earnings.-VNA

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