Vietnam-EU trade hit US$29.9 bln
(VOV) -Two-way trade turnover between Vietnam and the EU in 2012 reached US$29.9 billion, 19.77 percent higher than 2011's figure, according to the General Department of Customs.
The EU has surpassed the United States to become Vietnam’s biggest export market with its 2012 turnover figure of US$20.31 billion, up 22.71 percent compared to 2011.
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Among key imports were garments, footwear, coffee, seafood, and computers.
Vietnam’s export earnings from the EU rose 13.48 percent to US$8.79 billion.
The volume of mobile handsets and spare parts exported to this market was worth over US$5.4 billion, accounting for 75 percent of the country’s total exports in 2012.
Moderate export growth rates were maintained in other commodities such as plastic products, wood and wooden products, bags, suitcases, umbrellas, pepper and cashew nuts.
Vietnam mostly imported machinery and equipment, pharmaceuticals, and dairy products from the EU.