The United States is Vietnam’s largest export market

There are 4 groups of goods exported to this market with more than 1 billion USD, including: textiles, telephones, computers, and machinery.

Notably, the United States is also an important export market for many key commodity groups in the field agriculture of Vietnam. These can be mentioned as seafood (reaching nearly 850 million USD); cashew nuts (reached 286 million USD); coffee (nearly 103 million USD)…

In the past 4 months, the world’s largest economy continues to maintain its position as the largest export market of Vietnam’s goods when accounting for 29.56% of the country’s total turnover.

In the opposite direction, by the end of April, goods imports from the United States reached a turnover of 4.6 billion USD, down about 9.8% over the same period last year.

Overall, the United States is currently the second largest trading partner of Vietnam (after the Chinese market).

In 2021, for the first time, bilateral trade between Vietnam and the United States will reach 100 billion USD (reaching 111.56 billion USD, an increase of nearly 21 billion USD compared to 2020, of which Vietnam’s exports will reach 96.29 billion USD).

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