Business

Vietnam’s exports to Germany up 30.5% in 10 months

Vietnam’s export turnover to Germany enjoyed a year-on-year surge of 30.5% to 7.6 billion USD in the first 10 months of this year, according to the Ministry of Industry and Trade.
Vietnam’s exports to Germany up 30.5% in 10 months ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – Vietnam’s export turnover to Germany enjoyed ayear-on-year surge of 30.5% to 7.6 billion USD in the first 10 months of thisyear, according to the Ministry of Industry and Trade.

Meanwhile, the import value was 2.96 billion USD, a slightdecrease compared to the same period of last year.

In the period, two-way trade reached nearly 10.6 billionUSD, up 17.6% year-on-year.

Vietnam mainly shipped machinery, component parts, automobile,footwear, garment and textiles, coffee and aquatic products to Germany, whileimporting machines, components, parts, pharmaceuticals, chemicals, and automobilespare parts to the European country.

Germany is currently Vietnam’s biggest trade partner inEurope, accounting for 20% of the Southeast Asian country’s total trade valueto the EU.

For Germany, Vietnam is a potential market and an importantpartner, especially in the context that the EU-Vietnam Free Trade Agreementproves effective after the over-two-year implementation./.
VNA
#Vietnam #export turnover #Germany #Ministry of Industry and Trade #Vietnamplus #Vietnam News Agency
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