Exports to US plunges 21.6% to over $28.6 billion in four months

Exports to the US account for 26.7% of the country's export turnover while the country still maintains its position as the largest export market of Vietnam.

By the end of April, there were 6 groups of goods exported to this market with a turnover of $1 billion. Exports of machinery, equipment, tools, and spare parts reached $5.33 billion, leading among the key export groups of Vietnam to the US, but this result decreased by 13.1% over the same period last year.

Computers, electronic products, and components ranked second with $4.73 billion, up 5.3%. This is also a rare key commodity group with positive growth.

Other key commodity groups such as textiles, phones and components, and footwear… all saw a decrease in turnover.

On the other hand, imports from the United States in 4 months reached $4.325 billion, down 6.7% over the same period last year and accounted for 4.3% import turnover of the whole country.

Imported goods with large turnover can be mentioned as computers, electronic products, and components, devices, cotton, soybean, plastic materials…

Thus, in the first 4 months of the year, Vietnam had a trade surplus of more than $24 billion to the United States. This is also our country's market with the largest trade surplus.