Business

Vietnam's exports to EU grow 23.5% in ten months

The trade turnover between Vietnam and the European Union (EU) reached 52.5 billion USD in the first ten months of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).
Vietnam's exports to EU grow 23.5% in ten months ảnh 1Illustrative image. (Photo: vneconomy.vn)

Hanoi (VNA) – The trade turnover betweenVietnam and the European Union (EU) reached 52.5 billion USD in the first tenmonths of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).

Of which, exports hit 39.7 billion USD, a year-on-year increaseof 23.5%, it said.

The EU is currently Vietnam's leading trade partner and third largestexport market with an annual export growth rate of 7.5%, accounting for 13.6% of theSoutheast Asian country’s total export turnover in 2015-2021 period.

The market share of Vietnamese goods in the EU' total imports is1.8%, higher than that of other Southeast Asian countries such as Malaysia (1.2%),Thailand (0.9%), Indonesia (0.7%) and Singapore (0.7%)./.

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