The United States remains Vietnam’s leading trade partner in the region with Vietnam’s exports and imports to the market reaching 7.2 billion USD and 860 billion USD, respectively. It was followed by Canada with about 360 million USD and 45 million USD, respectively.

Vietnam exported goods worth 8.21 billion USD to the Americas in January and spent 1.64 billion USD on imports from this market.

Trade between Vietnam and the Americas totalled 153.9 billion USD in 2022, up 10.7% compared to 2021, the MoIT said.

Of which, Vietnam’s exports to the market were valued at 128.2 billion USD, an increase of 12.4% year-on-year while imports were worth 25.7 billion USD, up 3%.

Notably, trade with all major markets in the region recorded stable export growth, with an 11% increase in trade with the US, 6.6% with Brazil, 16.5% with Canada, 7.1% with Mexico, 9% with Chile, and 8.3% with Argentina.

Thanks to free trade agreements (FTAs), such as the Comprehensive and Progress Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-Chile Free Trade Agreement (VCFTA), Vietnam’s exports to four CPTPP member countries in the region, namely Canada, Mexico, Chile and Peru, went up 8.7% compared to 2021 to hit 13.1 billion USD in 2022.

Strong growth was also recorded in the MERCOSUR bloc, known as the Common Market of the South, which includes Brazil, Argentina, Uruguay and Paraguay, with the two-way trade surging by 9.2% to more than 12 billion USD last year.

Vietnam’s rice export forecast to enjoy another successful year

Vietnam’s rice export is forecast to continue reaping successes this year as the world's rice prices remain high at least in the short term as global economic and political uncertainties have resulted in a high demand for rice reserves, according to experts.

The pressure of “green growth” on agricultural exports to the EU

Vietnam’s agricultural, forestry and fishery export turnover reached a record high of 53.22 billion USD in 2022, up 9.3% compared to 2021. However, in terms of export markets, Asia still accounted for 44.7% of the market share at the end of November 2022, while high-quality and important markets like Europe only accounted for 11.3% of the market share.

Production of lychee for export: follows proper procedures to improve values

(BGO)- In order to open pathway for export of lychee, the competent agencies of Bac Giang province have regularly supervised and guided farmers on caring procedures to ensure lychee quality in line with proposing issuance of planting area codes.

Goods export runs smoothly at Lao Cai Border Gate

The export of goods to China through the Lao Cai International Border Gate has been running smoothly since the beginning of the Lunar New Year, according to customs officials.

Import export turnover hits over 327 million USD on Tet holiday

(BGO) – The total import and export turnover in Bac Giang province hit over 327 million USD during Lunar New Year occasion, reported the Customs sub-department in charge of Bac Giang industrial zones (CSD).

Source: VNA