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Vietnam becomes largest Southeast Asian exporters to US on back of textiles

Related Keywords: Textile export from Vietnam, US import from vietnam, Vietnam textile export to US

Surpassing Malaysia and Thailand, Vietnam has become the largest exporter to the United States in the Southeast Asian region with a record trade surplus of almost US$25 billion (S$34 billion) in 2014. According to the US Census Bureau data, trade between the two countries reached US$36.3 billion, of which, Vietnam exported US$30.6 billion worth of goods to the US while it imported goods worth only US$5.7 billion. In 2014, exports were up 24 per cent while imports increased 13.6 per cent compared with the previous year.

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