Vietnam-US Trade Surpasses $100 Billion for the Fourth Consecutive Year
According to preliminary statistics from the General Department of Customs, in September 2024, Vietnam's exports to the United States reached over $9.9 billion. This raised the total export turnover for the first nine months of the year to $88.16 billion, reflecting a 25.53% increase compared to the same period in 2023, equivalent to an additional $18 billion in exports.
The United States continues to be Vietnam's largest export market
By the end of September, 13 product categories exported to the US reached over $1 billion in revenue, with three categories exceeding $10 billion:
Computers, electronics, and components: $17.32 billion
Machinery and equipment: $15.5 billion
Textiles and garments: over $12 billion
On the import side, Vietnam's imports from the US in the first nine months of 2024 amounted to $10.96 billion, marking a 6.7% increase compared to the same period last year. The only billion-dollar import category was computers, electronics, and components, totaling $3.2 billion.
With a total trade turnover of $99.12 billion within nine months, Vietnam-US trade is projected to exceed $100 billion once again in 2024. This achievement marks the fourth consecutive year that trade between the two countries has reached this milestone.
Real Logistics' Perspective
Real Logistics views this consistent growth as a significant achievement for Vietnamese businesses, especially amidst global economic uncertainties. The steady increase in exports demonstrates the strength and resilience of Vietnam’s economy. Real Logistics is dedicated to providing optimized logistics solutions to support this growth, ensuring efficient transportation and customs clearance for clients exporting to the US market.
Vietnam-US Trade Milestones
- The Vietnam-US trade relationship first crossed the $100 billion mark in 2021, reaching $111.55 billion.
- In 2022, despite challenges from the COVID-19 pandemic, trade grew to nearly $124 billion.
- In 2023, Vietnam-US trade maintained a robust figure of around $100 billion.
Today, the United States remains Vietnam’s second-largest trading partner after China. This strong partnership not only reflects Vietnam’s growing export capacity but also signals an opportunity for further economic collaboration between the two nations.
Real Logistics Co., Ltd
👉 Facebook: Real Logistics Co.,Ltd
☎️ Hotline: 028.3636.3888 | 0936.386.352
📩 Email: info@reallogistics.vn | han@reallogistics.vn
🏡 Address: 39 - 41 B4, An Loi Dong, Thu Duc, HCM City
51 Quan Nhan, Nhan Chinh, Thanh Xuan, Ha Noi City
