Vietnam's exports to EU grow 23.5% in ten months
The trade turnover between Vietnam and the European Union (EU) reached 52.5 billion USD in the first ten months of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).
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| Illustrative image. (Photo: vneconomy.vn) |
Of which, exports hit 39.7 billion USD, a year-on-year increase of 23.5%, it said.
The EU is currently Vietnam's leading trade partner and third largest export market with an annual export growth rate of 7.5%, accounting for 13.6% of the Southeast Asian country’s total export turnover in 2015-2021 period.
The market share of Vietnamese goods in the EU' total imports is 1.8%, higher than that of other Southeast Asian countries such as Malaysia (1.2%), Thailand (0.9%), Indonesia (0.7%) and Singapore (0.7%).
(Source: VNA)
