Vietnam sees 15.5% rise in exports in EU market

Export revenue from the EU market reached US$22.5 billion in the first seven months of 2021, a year on year rise of 15.5%, reported the Ministry of Industry and Trade.

Processing shrimp for exports (Photo: VNA)
Processing shrimp for exports (Photo: VNA)

According to the ministry, Vietnam mostly exported telephones and accessories, computers, electronics, footwear, garment and textile products, seafood, and handbags and wallets to the EU.

Meanwhile, the country imported US$9.7 billion worth of goods from the EU, a rise of 19.6% over the same period in 2020. Major imports were accessories, automobile spare parts, completely-built-up cars and household appliances.

The EU-Vietnam Free Trade Agreement took effect for one year on July 31, benefiting Vietnam's exports to the market.