Business

Two-way trade turnover between Vietnam and the US in January 2011 reached nearly $1.8 billion, an increase of $301.3 million or 21.3 per cent over the same period last year.

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According to data released by the US Department of Commerce, in the first month of this year, the US imported from Vietnam $1.38 billion worth of goods, an increase of 19.53 per cent over the same period last year; while it exported goods at a total value of $334.6 million, up by 29.16 per cent from January 2010's export value.

United States International Trade Commission's data showed that among Vietnam 's exports to the US in January 2011, apparel and clothing accessories retained the first ranking with export value of $548.8 million, $89.8 million higher than January 2010.

Taking the second place was footwear with $170.9 million, an increase of $33.5 million. Furniture followed with an export value of $158.6 million, a $20.8 million rise from Jan. 2010; and electrical machinery and equipment and parts with value reaching $69.4 million, up $17,7 million from the same period last year.

Fish and aquatic invertebrates fetched an export value of $61.7 million, an increase of $18.1 million over the corresponding month of 2010.

Cotton, including yarns and woven fabrics thereof, topped US exports to Vietnam in January 2011 with value of $59.6 million, up $51.6 million over the same period last year. Coming second was machinery and mechanical appliances, parts thereof with value reaching $31.2 million, a decrease of $32.2 million.

It was followed by electrical machinery and equipment (with value of $23 million, up 161 per cent); and iron and steel (with value of $21.9 million, up 128 per cent). Vietnam's import of US vehicles and parts and accessories thereof continued decreasing, down from $23.2 million in January 2010 to $20.4 million.