Viet Nam’s exports to Germany up 30.5% in 10 months
Viet Nam’s exports to Germany up 30.5% in 10 months
Viet Nam’s export turnover to Germany enjoyed a year-on-year surge of 30.5 per cent to US$7.6 billion in the first 10 months of this year, according to the Ministry of Industry and Trade.
Meanwhile, the import value was $2.96 billion, a slight decrease compared to the same period last year.
In the period, two-way trade reached nearly $10.6 billion, up 17.6 per cent year-on-year.
Viet Nam mainly shipped machinery, component parts, automobiles, footwear, garment and textiles, coffee and aquatic products to Germany, while importing machines, components, parts, pharmaceuticals, chemicals, and automobile spare parts to the European country.
Germany is currently Viet Nam’s biggest trade partner in Europe, accounting for 20 per cent of the Southeast Asian country’s total trade value to the EU.
For Germany, Viet Nam is a potential market and an important partner, especially in the context that the EU-Viet Nam Free Trade Agreement proves effective after the over-two-year implementation.
