Vietnamese goods exported to the US hit a record high

Vietnam's export turnover to the US exceeded 126 billion USD, the highest ever. Photo: Quynh Danh.

According to data from the Customs Department, in the first 10 months of the year, Vietnam's export turnover to the US market exceeded 126 billion USD, the highest level ever and an increase of 28% over the same period in 2024.

Notably, the above record comes from the simultaneous expansion in key product groups. In which, the processing and manufacturing industry continues to play a leading role, especially in the electronics, machinery and technology industries.

Specifically, in the past 10 months, exports of computers, electronic products and components to the US reached more than 34 billion USD (+78%), corresponding to an increase of nearly 15 billion USD over the same period last year.

Besides, the export turnover of machinery and equipment also maintained a 9% increase to 19.6 billion USD; phones and components increased slightly to 9 billion USD after 2 years of stagnation.

In addition to machinery, equipment and spare parts, the breakthrough of the toy and sports equipment group is also creating a big change in the export structure.

After many US businesses shifted orders from China, this group recorded an increase of more than 255%, from 1.47 billion USD to 5.24 billion USD.

At the same time, consumer goods groups such as wood and wood products reached 7.8 billion USD (+6%), while means of transport and spare parts increased by nearly 11%.

On the other hand, fruit and vegetable exports to the US increased by 59%, coffee increased by more than 61% thanks to high world prices and rubber products increased by 51%.

Notably, after a long period of deep decline, Vietnam's seafood industry has also recovered with export turnover to the US increasing by nearly 8%, in the context of a sharp decrease in inventories in the US and a recovery in demand for high-end products.

In the above positive export picture, textiles and garments emerged as an industry strongly affected by tariffs since September but still maintained positive growth, with an export value of 14.8 billion USD since the beginning of the year (+11%).

This is clearly shown through the third quarter business results of enterprises in the industry.

Accordingly, in the third quarter, Vietnam Textile and Garment Group - Vinatex (UPCoM: VGT) recorded revenue of more than VND5,000 billion, up 10% over the same period and the highest level in its history. This is also the first time the group has exceeded the VND5,000 billion revenue mark in a quarter.

According to industry associations, the US is increasing trade defense investigations, especially in wood, metal and textile products; at the same time, it is applying increasingly strict environmental and traceability standards.

However, if Vietnamese enterprises maintain their adaptability, from raising raw material transparency standards to investing in green production, many industries such as electronics, machinery, footwear, electric cables, toys and high-quality agricultural and aquatic products can continue to maintain good growth momentum.

Source: https://baoquangninh.vn/hang-viet-nam-xuat-khau-sang-my-cao-ky-luc-3385968.html