AsemconnectVietnam - According to the statistics figures of the General Department of Customs, the export turnover of Vietnamese goods to the UK market in April of 2023 reached 493.2 million USD, up by 5.5% over the previous month.

Generally, in the first 4 months of the year, the figure reached 1.8 billion USD, down by 1.8% over the same period last year.
The leading product of export turnover in the first 4 months of 2023 was the group of phones and components, reaching 481.8 million USD, up by 37.9% over the same period last year, accounting for 25.3% of the export share. The next was the group of other machinery, equipment, tools and spare parts, reaching 279.1 million USD, up by 18.6%, accounting for 14.7% of the export proportion, and then was footwear of all kinds, reaching 242.7 million USD, up by 10.8%, accounting for 12.7% of the proportion.
In the first 4 months of 2023, a number of items with export turnover increased significantly compared to the same period last year: plastic products increased by 5.8%; cashew nuts increased by 14%; rubber products increased by 35.9%; vegetables and fruits increased by 25.6%; paper and paper products increased by 146.6 %.
After more than 2 years of implementation of the Free Trade Agreement between Vietnam and the United Kingdom and Northern Ireland (UKVFTA), the UK market has viewed more positively the image of Vietnamese businesses and Vietnamese products through the volume of goods imported from Vietnam increased sharply.
In order to be able to more effectively take advantage of the opportunities brought by the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnamese businesses need to ensure that their products and production processes meet British standards.
CK
Source: VITIC