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    Viet Nam-US two-way trade sharply rises

    VIETFISH INTERNATIONAL - Vol 8, Issue 06(44) | Nov - Dec 2011

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    Viet Nam's major export items to the US included  garments and textiles, footwear, seafood and wood products.  

    Two-way trade between Viet Nam and the US in 2011 continued to rise sharply compared to 2010, according to statistics released by US customs on November 4. 

    The figures show that Viet Nam’s exports to the US in the first eight months of this year reached US$11.3 billion, up 20.6 percent against the same period last year, while US exports to Viet Nam hit US$2.7 billion, a year-on-year increase of 21.5 percent.

    Viet Nam's major export items to the US included garments and textiles, footwear, seafood and wood products. In 2011, the garment and textile export turnover was the highest at more than US$4.8 billion, up 19 percent compared to the previous year. 

    Agricultural product exports saw the sharpest increase of 41 percent, followed by paper and paper products, up 33 percent; machinery, 29 percent; footwear, 26 percent; and handicrafts, 25 percent.

    Meanwhile, the US mainly exports machinery, equipment, raw materials and food to Viet Nam, of which cotton enjoyed the highest increase of 100 percent, followed by machinery, electrical equipment  and spare parts with 80 percent and plastic products, 49 percent. 

    Milk and dairy products, poultry’s eggs, honey, and motor vehicles also rose by 30 percent.
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The Magazine of the Viet Nam Association of Seafood Exporters and Producers (VASEP)

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