Vietnam is United States’ Seventh-Largest Trading Partner.
By Joe Fotalatte
According to Bloomberg data, Vietnam is on track to surpass the United Kingdom and enter the top seven trading partners of the United States this year.
The UK would be absent from the group for the first time since 2004, according to the news outlet.
According to Census Bureau data, the UK’s share of trade with the US fell by 2.6% during the first ten months of the year, while Vietnam’s increased to 2.7%.
For nearly two decades, the top seven US trading partners in terms of goods have consistently been Canada, Mexico, China, Japan, Germany, and the Republic of Korea.