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Monday, June 17, 2024

Vietnam-U.S. trade exceeds US$100 billion in Jan-Nov

The Saigon Times

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HCMC – Two-way trade between Vietnam and the U.S. amounted to US$100.62 billion in the January-November period, according to the Ministry of Industry and Trade.

Data from the ministry showed that in the year to November, the U.S. had remained the largest importer of goods from Vietnam, with a total value of US$88.05 billion.

Although this figure declined by 13.1% over the same period last year, it still accounted for 27% of Vietnam’s total export revenue in the 11-month period.

Vietnam spent more than US$12.57 billion importing goods from the U.S., a 6.4% decrease against the year-ago period. As a result, the trade surplus reached around US$75.45 billion, down by 14.1% against the same period last year.

The decline in two-way trade between Vietnam and the U.S. is attributed to challenging global economic and geopolitical conditions. It is forecasted that two-way trade will recover in the near future.

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