EU remains Vietnam’s largest export market
(VOV) -Vietnam’s total export turnover to the EU climbed 19.8% last year to US$24.33 billion and accounted for 18% of the country’s total exports.
General Department of Customs statistics show key export commodities are telephones and spare parts (US$8.15 billion, up 43.9%), footwear (US$2.96 billion, up 11.8%), garments and textiles (US$2.73 billion, up 11.1%) and computer and components (US$2.4 billion, up 50.1%).
Eight countries saw export turnover of more than US$1 billion each, including Germany, the UK, the Netherlands, Italy, France, Spain, Austria, and Belgium.
Vietnam’s combined export value to those markets hit US$11.13 billion, representing 87.2% of the country’s export value to the EU.
Its import turnover from the EU was estimated at US$9.45 billion, a-year-on-year increase of 7.5%.
Key imports are machinery, equipment and spare parts (US$2.29 billion, up 11.7%), vehicles and spare parts (US$1.17 billion, down 7,5%), pharmaceuticals (US$930 million, up 6.2%), and computer, electronic products and components (US$928 million, up 47.3 %).