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Sunday, May 29, 2022

U.S. spends US$96 billion on imports from Vietnam in 2021

By Hung Le

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HCMC – The United States remained Vietnam’s largest importer in 2021, with an import value of over US$96.2 billion, up 24.9% year-on-year, according to statistics from the General Department of Vietnam Customs.

Last year, the United States imported smartphones and accessories worth a total of nearly US$9.7 billion from Vietnam, rising by 10.3% year-on-year, while the former was the latter’s largest importer of computers, electronics products and accessories, with a value of US$12.7 billion, up 23% against the previous year.

In addition, the United States’ imports of machinery, equipment and components from Vietnam last year soared by 45.9% year-on-year, at US$17.8 billion.

The United States took the lead in apparel imports from Vietnam at US$16.1 billion in 2021, and spent US$8.8 billion buying wooden products from the latter, up 22.4% against 2020.

Vietnam’s seafood exports stateside fetched over US$2 billion in 2021, up 26.2% year-on-year.

Meanwhile, the United States shipped goods worth US$15.3 billion to Vietnam in 2021, up 11.4% against 2020. Vietnam enjoyed a trade surplus of over US$81 billion with the United States in 2021.

In 2021, Vietnam’s import-export value amounted to over US$668.5 billion in 2021, up 22.6%, or US$123.2 billion, year-on-year. Vietnam spent US$332.2 billion importing goods, up 26.5% year-on-year, while exporting goods worth US$336.3 billion, up 19%. The country gained a trade surplus of over US$4 billion last year.

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