the united states is vietnams largest export market
Structure of key commodities in total export turnover to the US by the end of April 2022. Chart: T.Binh.

According to the latest preliminary statistics of the General Department of Customs, in April alone, Vietnam’s exports to the United States reached nearly 10.3 billion USD, up nearly 33.3% over the same period in 2021.

Only in April, there were 4 groups of goods exported to this market with more than 1 billion USD, including textiles, phones, computers, and machinery. In addition, there are many groups of goods with a turnover of several tens to hundreds of millions of dollars, such as wood and wood products; Footwear; means of transportation; Seafood…

By the end of April, exports to the US reached 36.2 billion USD, up 20.82% over the same period last year.

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

By the end of April, 6 groups of goods were exported to the US with a turnover of more than 1 billion USD, including textiles; telephones; computers; machines; wood and wood products; Footwear.

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

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 Vietnam’s second largest trading partner (after the Chinese market). In 2021, for the first time, bilateral trade between Vietnam and the United States reached 100 billion USD (reaching 111.56 billion USD, up nearly 21 billion USD compared to 2020, of which Vietnam exported 96.29 billion USD).