Export market achieves US$100 billion for the first time

Sketched by T.Bình

According to the General Department of Vietnam Customs, in November, exports to the US reached US$7.84 billion, bringing the total turnover for the year to US$101.22 billion, an increase of 17.7% over the same period last year.

The US is the first export market to achieve the milestone of US$100 billion per year, and the export turnover to this market in the first 11 months of the year has already surpassed the total for 2021 (US$96.27 billion).

With this result, the US remains Vietnam's biggest export market, accounting for 29.58% of the country's export turnover in the first 11 months of the year.

There are 12 groups of commodities exporting to the US that have achieved a turnover of over US$1 billion, with four groups reaching over US$10 billion, including machinery, equipment, tools, and spare parts (US$18.55 billion); textiles and garments (nearly US$16.1 billion); computers, electronic products, and components (US$14.57 billion); and phones and components (US$11.35 billion).

On the other hand, Vietnam's imports from the US in the first 11 months of the year reached US$13.46 billion.

With a total turnover of US$114.68 billion, the US is currently Vietnam's second-largest trading partner after China.