Six product groups enjoy over 1-billion-USD exports to US in Q1
Six groups of products posted an export revenue of over 1 billion USD to the US market in the first quarter of this year, with the group of machinery, equipment, tools and spare parts topping with 3.98 billion USD, according to the General Department of Vietnam Customs.
Hanoi (VNA) – Six groups ofproducts posted an export revenue of over 1 billion USD to the US market inthe first quarter of this year, with the group of machinery, equipment,tools and spare parts topping with 3.98 billion USD, according to the GeneralDepartment of Vietnam Customs.
The group of computers, electronic productsand components came second with 3.55 billion USD, followed by garment andtextile products 3.04 billion USD, telephones and components 2.34 billionUSD, footwear 1.42 billion USD, and wood and wooden furniture nearly 1.4 billionUSD.
The department reported that in March, exportrevenue generated from the US market was 7.75 billion USD, pushing the total inthe first three months of this year to 20.76 billion USD, making the US as the largest export market of Vietnam.
At the same time, Vietnam imported over 3billion USD worth of goods from the US, down about 12% year on year, mostly computers,electronic products and components.
As a result, in the first quarter of thisyear, Vietnam enjoyed a trade surplus of 17.7 billion USD with the US.
Experts held that in the second quarter, manysectors such as textiles, footwear, and especially wooden furniture will face various challenges in the market due to lower demands as a result of inflationand economic crisis.
Last year, two-way trade reached 123.8 billion USD, with Vietnam’s exports of over 109 billionUSD./.
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Illustrative image (Source: VNA) 
