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./.

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