Vietnam’s exports to Germany up 30.5% in 10 months
Vietnam’s export turnover to Germany enjoyed a year-on-year surge of 30.5% to 7.6 billion USD in the first 10 months of this year, according to the Ministry of Industry and Trade.
Hanoi (VNA) – Vietnam’s export turnover to Germany enjoyed ayear-on-year surge of 30.5% to 7.6 billion USD in the first 10 months of thisyear, according to the Ministry of Industry and Trade.
Meanwhile, the import value was 2.96 billion USD, a slightdecrease compared to the same period of last year.
In the period, two-way trade reached nearly 10.6 billionUSD, up 17.6% year-on-year.
Vietnam mainly shipped machinery, component parts, automobile,footwear, garment and textiles, coffee and aquatic products to Germany, whileimporting machines, components, parts, pharmaceuticals, chemicals, and automobilespare parts to the European country.
Germany is currently Vietnam’s biggest trade partner inEurope, accounting for 20% of the Southeast Asian country’s total trade valueto the EU.
For Germany, Vietnam is a potential market and an importantpartner, especially in the context that the EU-Vietnam Free Trade Agreementproves effective after the over-two-year implementation./.
Prime Minister Pham Minh Chinh and German Chancellor Olaf Scholz defined major directions and measures to comprehensively advance the bilateral cooperation during their talks in Hanoi on November 13.
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Illustrative image (Photo: VNA) 
