According to the latest statistics of the General Department of Customs, in March, exports to the US reached 9.76 billion USD, thereby bringing the total turnover in the first quarter to 25.96 billion USD.

Compared to the same period in 2021, export turnover to the US increased by 16.6% and the world's largest economy continues to be Vietnam's largest export market.

In the first quarter, the US market alone accounted for 29.1% of the country's total export turnover.

By the end of the first quarter, there were 6 groups of goods exported to the US with a turnover of 1 billion USD or more, including: machinery and equipment; textile; computers, electronic products and components; Phones and components; Footwear; wood and wood products.

Notably, textile and garment exports to the US reached $4.36 billion, up 24.2% over the same period last year and accounted for 50.3% of the country's total export turnover of this commodity group.

Although not as dominant as textiles, the US is also the largest market for key export groups such as machinery and equipment; computers, electronic products and components; Footwear; wood and wood products…

On the other hand, in the first quarter, the whole country spent 3.44 billion USD importing goods from the US, down 8.2% over the same period last year and accounting for 3.9% of the total import turnover of the country.

haiquanonline.com.vn