Vietnam earned US$4.8 billion from its exports to the United States in the January-March period, up 16.74% over the same quarter in 2012, according to the Vietnam Industry and Trade Information Centre.
Rising exports to the world’s largest economy were primarily boosted by the exponential growth in exported gemstones and precious metals (up 246.76%), rice (up 187.5%), pepper (up 180.41%), chemicals (134.83%) and crude oil (up 105.17%).
However, a number of other commodities saw a decline in value during the same period.
Year on year, seafood fell 6.69%, coffee dropped 15.6% and cashews fell by 1.08%.
In the first quarter, imports from the United States were estimated at US$1.3 billion. Vietnam’s major imports from the country include animal feed, machinery and electronic devices.
Last year, two-way trade between Vietnam and the United States reached a total of US$24.2 billion.
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