Vietnam’s exports to US up 20 percent

(VNA) Vietnam ’s exports to the US in the first seven months of this year earned more than 9.63 billion USD, a surge of 20.7 percent against the same period last year, according to the US International Trade Commission.

Among Vietnam ’s export items to the US , garments and textiles took the lead with 3.64 billion USD, a year-on-year increase of 18 percent, followed by footwear with nearly 1.15 billion USD, up 24.5 percent, and wood products with 998.5 million USD, up 4 percent.

The country’s electric and audio equipment brought home 485 million USD while fisheries and seafood generated 401 million USD.

During the reviewed period, Vietnam imported 2.46 billion USD worth of goods from the US , a rise of 19.9 percent over 2010.

Cotton materials, including yarn and cloth, topped the country’s import items from the US with turnover standing at 282.8 million USD, a year-on-year increase of 123 percent. It was followed by transport vehicles with 210 million USD, up 50 percent; and machinery, mechanical equipment and spare parts with 207.4 million USD, up 7 percent.

Vietnam-US two way trade is expected to reach 20 billion USD this year, up 10 percent against 2010 and a 13-fold increase over 2001./.