Analyst Pin-board The US: Potential market for Vietnamese wood and wooden products exporters
The US has been one of the biggest trade partner of Vietnam in recent years, and also one of the countries that Vietnam has a trade surplus with. According to the US Census Bureau, in 9M2018, Vietnam’s export value to the US was USD 36.3 bn, whereas the import value was much lower at USD 7 bn. With the trade surplus of USD 29 bn, Vietnam has become a trade deficit ‘point’ that the US cares about. Therefore, exporting goods to the US is immensely sensitive to changes in geopolitical issues. Contributing to the surplus of USD 38 bn in 2017, wood and wooden products exports made up around 10% of the total value, turning into a crucial force driving the surplus in Vietnam –US trade balance.
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