Business

Vietnam maintains stable exports to Israel in 2020

Vietnam earned an estimated 700 million USD from exporting goods to Israel in 2020 despite difficulties and obstacles posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.
Vietnam maintains stable exports to Israel in 2020 ảnh 1Vietnam maintains stable exports to Israel in 2020 - Illustrative image (Photo: VNA)

Tel Aviv (VNA) – Vietnam earned an estimated 700 million USD from exportinggoods to Israel in 2020 despite difficulties and obstacles posed by theCOVID-19 pandemic, according to the  Vietnamese Trade Office in the Middle East country.

The figure showed a slight reduction from 774 million USD reported last year. This is said tobe a positive result in the context that the Israeli market witnessed fluctuations,disturbances and difficulties amid political instability and negativeimpacts from the pandemic.

Notably in Novemberlast year, Vietnam's export value to Israel surged by 27.2 percent comparedto the previous month, reaching 51.04 million USD.

Turnover of most key exportitems rose strongly in the month, with coffee up 108.6 percent, footwear (35percent), phones and accessories (31 percent), and textiles and garments (21.4percent) cashew nuts (16.9 percent), and seafood products (3.3 percent).

Israel,with a population of only 9.3 million, is the third largest export market ofVietnam in the Middle East, after the United Arab Emirates (UAE ) and Turkey./.
VNA
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