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Germany is Viet Nam's largest EU partner

Feb 7th at 11:05
07-02-2014 11:05:49+07:00

Germany is Viet Nam's largest EU partner

Germany is Viet Nam's largest European trade partner, comprising 20 per cent of the country's total trade turnover.

Viet Nam Customs statistics show that Vietnamese exports to Germany last year reached US$4.72 billion, a year-on-year rise of 15.4 per cent.

Its major export items include mobile phone handsets and components, footwear, garments, coffee, timber products, seafood, rucksacks, bags, purses, handicrafts, computers and electronics.

Among exports, mobile handsets and components topped the list, earning $1.54 billion, representing an annual increase of 32 per cent and comprising one-third of the total export value.

Germany is the largest EU garments importer, creating plenty of opportunities for Vietnamese garments manufacturers. In 2013 alone, Vietnamese garments exports to the market were valued at $652 million, an annual rise of 16.7 per cent, and accounting for 13.7 per cent of the total export earnings.

Computers and electronics posted the highest growth of 108 per cent, raking in $337 million.

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