US is Vietnam’s biggest export markets
The US continued topping the list of 200 countries and territories importing Vietnamese goods in 2016, with a total import value of over 34.8 billion USD, according to the Government’s portal.
Vietnam mainly shipped to the US products as garment-textile, footwear, machinery, equipment and spare parts, seafood, and timber products.
With a combined import turnover of over 78.1 billion USD, the four markets made up nearly 49 percent of Vietnam’s total export last year.
In 2016, Vietnam recorded the highest growth in export to the RoK, with a year-on-year increase of 27.34 percent. The figures for China, the US and Japan were 26.68 percent, 14.58 percent and 3.1 percent, respectively.
The country’s total export revenue was estimated to grow up to 8.6 percent in 2016, reaching approximately 175.94 billion USD, reported the General Department of Customs.
According to a resolution on the socio-economic development plan for 2017 adopted by the National Assembly, Vietnam targets a 6-7 percent rise in export-import revenue this year.