Vietnam-US trade hits $111.56 bn in 2021

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Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21 billion over the previous year, according to Vietnam’s general department of customs. The figure made the United States the second trade partner having over $100 million import-export turnover with Vietnam after China.

Last year, Vietnam’s exports to the United States rose by 25 per cent to nearly $96.3 billion, accounting for 28.6 per cent of the total exports.

Vietnam exported textiles and garments to the United States last year worth $16.1 billion, up by 15 per cent over 2020 figures, according to a news agency report.

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21 billion over the previous year, according to the government. The figure made the US the second trade partner having over $100 million import-export turnover with Vietnam after China. Vietnam’s exports to the US in 2021 rose by 25 per cent to $96.3 billion—28.6 per cent of the total exports.

Last year, the country imported nearly $15.27 billion worth of goods from the United States, mainly computers, electronics and components as well as machinery, equipment and parts.

Direct flights between both the countries have resumed and Vietnamese businesses are increasing investment in the United States to expand their presence in there.

Fibre2Fashion News Desk (DS)



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