Vietnam records US$2.34 billion trade surplus with the UKWednesday, August 8,2018
AsemconnectVietnam - Bilateral trade between Vietnam and the UK reached US$3.12 billion in the first half of this year (a year-on-year rise of 14.2%), with Vietnam’s exports to the European market at US$2.73 billion (up 14%) and imports at US$389.76 million (up 14.7%), according to the General Department of Vietnam Customs.
Key export products focus on the products of the country's greatest competitive advantage such as telephones and components, garment, footwear and seafood.
Garment ranked second with nearly US$348 million, up 4.8% against the same period last year, but making up only 2.6% of the country’s total garment exports.
Three other groups of export products to the UK which obtained an export value of more than US$100 million each are seafood (US$127 million), wood and timber products (US$143 million) and electronics and components (US$113 million).
Vietnam Customs also said that exports to the UK last year surged 10.7% to US$5.4 billion, making it the eighth biggest market for Vietnamese products.
Statistics showed that the UK was among 15 biggest trade partner of Vietnam in the 2013-2017 period. Bilateral trade increased from US$4.27 billion in 2013 to US$6.15 billion in 2017.
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