Imports from the United States increase by nearly US$1 billion

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Turnover of the five largest import groups from the United States in the first six months of 2018 and 2019. Unit price "million". Chart: T. Binh.

According to the latest statistics of the General Department of Customs, by the end of June, Vietnam’s total import turnover from the United State reached US$ 6,918 billion, up nearly US$ 1 billion compared to the same period in 2018, equivalent to the growth rate of 14.2%.

Currently, the United States is one of Vietnam's largest commodity import markets.

Moreover, the two-digit growth rate in the first months of 2019 also brought the United States into the group of Vietnam’s largest import markets.

Notably, in the first six months, Vietnam spent US$ 2.2 billion to import computers, electronic products and components from the United States.

This is also Vietnam’s largest import group from the United States with the largest increase of more than US$ 700 million (equivalent to 48.4%) compared to the first six months of 2018.

The second largest import group from the United States is vegetables and fruits.

In the first six months, import turnover of this group reached US$ 116.4 million, up by 70% compared to the same period last year.

Currently, most of Vietnam’s key import groups reported and published by the General Department of Customs originate from the United States.

Goods imported from the United States include raw materials, accessories to consumer electronics and agricultural products.

By the end of June, there were 13 groups of goods imported from the United State reaching US$ 100 million or more.

Vietnam - US trade turnover triples over nine-year period

In addition to the above two groups, other major import groups from the United States are: cotton reaching US$ 977 million; machinery, equipment, tools and spare parts reaching US$ 514.6 million; plastic materials reaching US$ 375.6 million; animal feed and raw materials reaching US$ 325 million.