Two-way trade turnover between Vietnam and the European Union (EU) in2012 reached 29.09 billion USD, up 19.7 percent from 2011, according tothe General Department of Customs.
Vietnam exported 20.3 billionUSD worth of goods to the EU in 2012, an increase of 22.7 percent yearon year, while importing 8.79 billion USD worth of goods and services,up 13.4 percent. As a result, the EU surpassed the US to become Vietnam’s largest importer.
Vietnam’s key export items to the EU weregarments, footwear, coffee, seafood, computers, mobile handsets andspare parts. These accounted for 75 percent of the country’s totalexports in 2012.
While the country only began to export mobilehandsets and spare parts to the EU in 2011, the export value for theseproducts topped 5.4 billion USD last year.
Other commodities sawmoderate growth, such as plastic products, wood and wooden products,bags, suitcases, umbrellas, pepper and cashew nuts.
For its part, Vietnam imported mainly machinery and equipment, pharmaceuticals, milk and dairy products from the EU.
According to the European market Department under the Ministry ofIndustry and Trade, the growth in bilateral trade between Vietnam andthe EU despite the worlds economic stagnation and the debt crisisfacing many EU member nations is a positive signal, suggesting that thecooperation between the two sides is steadily increasing.-VNA
Vietnam exported 20.3 billionUSD worth of goods to the EU in 2012, an increase of 22.7 percent yearon year, while importing 8.79 billion USD worth of goods and services,up 13.4 percent. As a result, the EU surpassed the US to become Vietnam’s largest importer.
Vietnam’s key export items to the EU weregarments, footwear, coffee, seafood, computers, mobile handsets andspare parts. These accounted for 75 percent of the country’s totalexports in 2012.
While the country only began to export mobilehandsets and spare parts to the EU in 2011, the export value for theseproducts topped 5.4 billion USD last year.
Other commodities sawmoderate growth, such as plastic products, wood and wooden products,bags, suitcases, umbrellas, pepper and cashew nuts.
For its part, Vietnam imported mainly machinery and equipment, pharmaceuticals, milk and dairy products from the EU.
According to the European market Department under the Ministry ofIndustry and Trade, the growth in bilateral trade between Vietnam andthe EU despite the worlds economic stagnation and the debt crisisfacing many EU member nations is a positive signal, suggesting that thecooperation between the two sides is steadily increasing.-VNA
