The world’s second-biggest exporter of coffee and rice is expected to begin recovering from the global economic downturn as commodity prices and production increase. Shipments from Vietnam declined a relatively modest 13% to less than $35 billion so far in 2009, and the trade deficit shrank because imports declined much faster.
Vietnamese exports to the US rose 2% through May to $4.7 billion, making Vietnam the only one among the 30 largest shippers to the world’s biggest economy to increase sales to the American market. Vietnamese garment exports to the US increased 1% and footwear shipments were up 20%.
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