The U.S. was Vietnam's second largest trade partner in the first four months of this year. (Photo: Internet)
In the first four months of 2016, the trade surplus reached $8.98 billion, $1.48 billion higher than that in the same period of 2015.
The U.S. was Vietnam’s second largest trade partner between January and April, only after China, with the trade turnover reaching $13.92 billion, accounting for 13.5% of the Southeast Asian country's total external trade.
In the four-month period, Vietnam’s exports to the U.S. market increased 15.8% year-on-year to $11.45 billion, making up 21.6% of the country’s turnover. Foreign-invested enterprises in Vietnam fetched $8.35 billion, up 17.7% from a year earlier.
Vietnam spent $2.47 billion on importing goods from the U.S. in the period, up 3.3% from a year earlier, making the U.S. the country’s fifth-largest import market.
The two-way trade flow increased 19% annually on average in the past 10 years, topping $41.26 billion in 2015, the department said.