Vietnam exports to UK see slight rise

Vietnam exports to the UK hit US$2.8 billion in the first seven months of this year, up 1.61% against the same period last year, according to the General Department of Vietnam Customs.

Telephones and components were key products, accounting for 35.2% of the total export revenue, however, its growth in the period fell 7.09%. Garment came second with US$405.1 million (up 0.56%) and footwear ranked third with US$394.4 million, up 7.04%.

Particularly, steel exports to the European market enjoyed a sharp increase of 1421.6% although its value just reached US$26.2 million.

Around 64.2% of export products to the UK obtained a growth, especially machines, equipment and tools (up 106.22%), base metal (up 66.95%) and rubber products (up 49.22%).

Seafood was also a key export product to the UK with a value of US$136.2 million, up 30.13%.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the UK is the biggest importer of Vietnam shrimp among EU countries, making up 4.8% of the country’s total shrimp export value. Its demand for shrimp remains high despite political instability.

VASEP forecasts that shrimp exports to the market will continue to go up this year.

Tagged as: , ,