Business

Vietnam’s exports to Americas exceed 8 billion USD in January

Vietnam exported goods worth 8.21 billion USD to the Americas in January and spent 1.64 billion USD on imports from this market, resulting in a trade surplus of 6.56 billion USD, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s exports to Americas exceed 8 billion USD in January ảnh 1Vietnam exported goods worth 8.21 billion USD to the Americas in January and spent 1.64 billion USD on imports from this market. (Photo: VNA)

Hanoi (VNA) – Vietnam exported goodsworth 8.21 billion USD to the Americas in January and spent 1.64billion USD on imports from this market, resulting in a trade surplus of 6.56billion USD, according to the Ministry of Industry and Trade (MoIT).

The United States remains Vietnam’s leading tradepartner in the region with Vietnam’s exports and imports to the market reaching7.2 billion USD and 860 billion USD, respectively. It was followed by Canadawith about 360 million USD and 45 million USD, respectively.

Trade between Vietnam and the Americas totalled 153.9billion USD in 2022, up 10.7% compared to 2021, the MoIT said.

Of which, Vietnam’s exports to the market were valued at 128.2 billion USD, an increase of 12.4% year-on-year while imports were worth 25.7 billionUSD, up 3%.

Notably, trade with all major markets in the region recorded stable export growth, with an 11% increase in trade with the US, 6.6% with Brazil, 16.5% with Canada, 7.1% with Mexico, 9% with Chile, and 8.3% with Argentina.

Vietnam’s exports to Americas exceed 8 billion USD in January ảnh 2Enterprises boost the export of goods since the first month of the year. (Photo: VNA)

Thanks to free trade agreements (FTAs), such as the Comprehensiveand Progress Agreement for Trans-Pacific Partnership (CPTPP) and theVietnam-Chile Free Trade Agreement (VCFTA), Vietnam’s exports to four CPTPP member countries in the region, namely Canada,Mexico, Chile and Peru, went up 8.7% compared to 2021 to hit 13.1 billion USD in 2022.

Strong growth was also recorded in the MERCOSUR bloc, known as theCommon Market of the South, which includes Brazil, Argentina, Uruguay andParaguay, with the two-way trade surging by 9.2% to more than 12 billion USDlast year./.

VNA
#Exports #goods #leading trade partner #Americas #growth #Vietnam Plus #Vietnam News Agency #free trade agreements
Follow VietnamPlus

Related News

CPTPP opens up prospects for Vietnam’s exports to the Americas

CPTPP opens up prospects for Vietnam’s exports to the Americas

Two years after it came into effect, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam significantly boost its exports to other member nations and open the door to members in the Americas, which are bursting with potential, Deputy Minister of Industry and Trade Do Thang Hai told a seminar in Hanoi on April 27.
Trade ministry to support enterprises in boosting exports

Trade ministry to support enterprises in boosting exports

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.
Large room for Vietnam to boost exports to Europe, America

Large room for Vietnam to boost exports to Europe, America

Vietnam’s exports to the European and American markets will continue to benefit from free trade agreements (FTAs) that Vietnam signed with partners in the regions, said Ta Hoang Linh, Director of the Europe-American Market Department under the Ministry of Industry and Trade.

See more

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.

Honda Vietnam's new CEO, Sayaka Hattori (Photo: VNA)

Honda Vietnam has new female CEO

Sayaka Hattori, a Japanese national with over 25 years of experience in the automobile and motorcycle industry, was appointed as new CEO of Honda Vietnam on April 1.

Illustrative image (Photo: VNA)

Annual enterprise census kicks start nationwide

The survey will span all the 63 provinces and centrally-run cities in Vietnam, targeting enterprises and cooperatives engaging in production and business activities across almost all sectors.

Participants at the talks between Minister of Construction Tran Hong Minh and Korean Minister of Land, Infrastructure, and Transport Park Sangwoo in Hanoi on March 31. (Photo: VNA)

Vietnam calls on RoK to share expertise in high-speed railway development

Minister of Construction Tran Hong Minh applauded the RoK’s proposal to organise a railway cooperation forum, seeing it as an opportunity for state management agencies, experts, research institutions, universities, and businesses of Vietnam to gain insights from the RoK’s experience in planning, construction, maintenance, and developing high-speed rail industry.