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Vietnam-US two-way trade continues going up
Wednesday, 09 June 2010
Vietnam-US
trade continued to grow in the first quarter of this year, increasing 16.5
percent over the same period last year with export value up 12.3 percent and
import value up 36 percent, the Vietnam Trade Office in the USA said.
Two-way trade was valued at
3,964 million USD, 16.5 percent (or 564 million USD) more than the first
quarter of 2009, statistics recently released by the US Department of Commerce
said.
Vietnam exported nearly 3,133 million USD worth of goods to the
US in the first three months
of this year and imported from the US more than 831 million USD.
Apparel remained the top exports categories in
terms of value in the first three months, grossing nearly 1,343 million USD, up
8.6 percent over the same period last year; and followed by furniture and
household items, nearly 393 million USD, up 26 percent; and footwear, 345
million USD, down 5.1 percent.
Vietnam 's three-month exports valued at more than 100 million
USD each included agricultural products, seafood, and electric apparatus,
audio-video equipment.
Imports from the US increased remarkably in the
first quarter of this year with 12 out of 15 main imports categories posting
increases over the same period last year. The three categories saw year-to-year
decreases in value included iron and steel products; civilian aircraft
equipment and parts; and hides and skins, down 8.4 percent, 42.8 percent and
98.2 percent, respectively.
Imports of wastes from the animal feed industry
became the first import category in value, chalking 121.7 million USD in the
first three months of 2010, up 575 percent over the same period last year. It
was followed by meat, poultry, etc. with year-to-year value increasing 10.6
percent to 84.6 million USD; and metalworking machines and parts increasing 20
percent to nearly 77.3 million USD.
According to the US Department of Commerce, in
2009, Vietnam 's exports to
the US
was valued at 12,290 million USD and its imports was valued at 3,107 million
USD. Last year's two-way trade reached 15,397 billion USD, representing a 2
percent year-to-year decrease.
The Vietnam Trade Office in the USA attributed
2009's decreased trade value to Vietnam 's export value decrease due to
decreases in US consumption and import prices from previous years./.
