Boom in garment and textile exports to the US

Source: Pano feed

(VOV) – The American Chamber of Commerce in Vietnam (Amcham) has predicted that Vietnam’s US exports will reach US$28.1 billion this year, including US$9.7 billion from garment and textile exports.


Amcham has also forecast that Vietnam’s trade surplus with the US is estimated at US$22.7 billion while bilateral trade will hit US$33.6 billion this year.


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Amcham quoted the US Department of Commerce as saying that Vietnam’s garment and textile exports to the US have accounted for 36% of the country’s total exports to the market.



The chamber projects that the US garment and textile imports from Vietnam are expected to reach US$10.5 billion in 2015, US$12.5 billion in 2017, US$14.3 billion in 2019, US$16.2 billion in 2021, US$18 billion in 2023 and US$19.9 billion in 2025.


At present, Vietnam ranks third among ASEAN countries exporting goods to the US just behind Malaysia and Thailand. The country is set to be an export leader among Southeast Asian nations to the US by 2015.




Đăng ký: VietNam News

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