Vietnam-US trade turnover reached USD18.324 billion in 2010, 19 percent higher than in the previous year.
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This is the highest figure ever recorded since the two countries established diplomatic ties in 1995 with a total turnover of USD451 million.
According to the US Department of Commerce, Vietnam exported USD14.784 billion of goods to the US in 2010, (up 20 percent) and imported USD3.539 billion, (up 7 percent).
The US International Trade Commission said Vietnam ranked 27 among the US’s 221 exporters, with its garments reaching USD5.76 billion (up 15.2 percent), followed by timber products (USD1.82 billion), footwear (USD1.62 billion), electric equipment and audio products (USD778.6 million), and seafood (USD646.4 million).
Among Vietnam’s key export items to the US, machinery and mechanical equipment and spare parts achieved the highest growth of 53 percent to USD621.2 million.
US exports to Vietnam increased by 7 percent in 2010 because Vietnam imported more machinery, mechanical equipment and spare parts (USD393.7 million) and cotton, fibre and fabric (USD254 million).
