Bloomberg: Vietnam Likely to Become The US’s Seventh Largest Trading Partner
Vietnam is on track this year to bump Britain from its long-time place among the US’s top seven goods trading partners, VNA citied an article run by Bloomberg on December 19. The US remains the largest market for Vietnamese seafood exports. Photo: VNA The article cited data from the US Census Bureau showing that the UK’s share of the US merchandise trade slid to 2.6% through the first 10 months of this year while Vietnam’s rose to 2.7%. In full-year numbers going back almost 20 years, the top seven US partners in goods trade have consistently been Canada, Mexico, China, Japan , Germany, the Republic of Korea, and the UK, though their position within the group has shifted around, it said. Vietnam didn’t appear in the bureau’s top-15 list until 2019, and it has climbed ever since, ending last year at No. 10. If Vietnam’s lead over the UK holds for the final two months of 2022, it will be the first time that a majority of the top seven are Asian economies, read the articl...