Vietnam posts $665 million trade surplus with the UAE
Vietnam posts $665 million trade surplus with the UAE
Vietnam posted a $665 million trade surplus with the United Arab Emirates (UAE) in the first two months of 2021, alongside an increase in both exports and imports.
A container ship at Cat Lai New Port, HCMC. Photo by Shutterstock/withGod.
|
Vietnam’s exports to the UAE rose 60 percent year-on-year $737 million, while imports increased 44 percent to $72 million, according to the General Department of Vietnam Customs.
Total Vietnam-UAE trade value surged 58 percent year-on-year during this period.
Phones and components were Vietnam’s foremost exports to the UAE with a value of $551 million, up 108 percent year-on-year. Exports of agriculture and aquaculture products also experienced robust growth. Cashew exports hit $10.3 million, a year-on-year rise of 600 percent.
Vietnam’s main import from the UAE is plastic raw material, reaching $41.8 million, a year-on-year increase of 66 percent. Among the products imported from the UAE, only petroleum products saw a 42 percent year-on-year decline to $2.5 million.
