Viet Nam’s exports to Germany up 30.5% in 10 months

Nov 24th at 09:11
24-11-2022 09:11:58+07:00

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. 

bizhub



NEWS SAME CATEGORY

Links between farmers and enterprises vital to promoting agricultural product quality, exports

Ensuring the stable and consistent quality of agricultural products of cooperatives is critical to achieveing sustainable exports, in which the linkage with...

International plastics, rubber expo opens in HCM City

The 20th Vietnam International Plastics and Rubber Industry Exhibition opened in HCM City on November 23 with both offline and online displays.

Pacific Rim deal boosts exports

Vietnam's exports to markets of the Pacific Rim trade deal have increased rapidly since the agreement took effect on January 14, 2019.

Mao Khe Coal accelerates production

The Vinacomin-Mao Khe Coal Company, a member unit of the Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), has launched a 90-day...

Sembcorp Industries pioneers in ready-built warehouses in central Vietnam

Sembcorp Industries celebrates another milestone as it opens its newest warehouse facility in Quang Ngai, making Sembcorp the pioneer in modern ready-built...

M&A opportunities in a volatile market

The consumer, industrial, real estate, energy, and utilities sectors were the most sought-after targets in 2022-2023 when split by industry.

Vimico-Thai Nguyen Non-Ferrous Metal boosts production

Vimico-Thai Nguyen Non-Ferrous Metal Joint Stock Company, a member of the Vietnam National Coal-Mineral Industries Holding Corporation (Vinacomin), specializes in...

Unilever Vietnam to win five business categories and one individual category at Vietnam HR Awards 2022

Unilever Vietnam wins 6/6 categories at Vietnam HR Awards 2022 – honorably called “Oscar” of the HR industry in Vietnam, including five categories for business and...

Việt Nam must specify target markets for organic farm produce

Viet Nam needs to specify target markets and control the implementation of standards in organic agricultural production to meet the needs of the domestic and...

VN should produce green, clean goods to win over European consumers: Eurocham

Vietnamese companies must understand trends in the EU consumer market, which is undergoing a significant shift towards green and clean goods that meet international...


MOST READ


Back To Top