The items with the highest export turnover to the EU in July include phones and components, computers, electronic products, shoes of all kinds, etc. In which, iron and steel exports continued. strong breakthrough increased by 3,087% over the same period in 2020.
According to the Ministry of Industry and Trade, two-way trade turnover between Vietnam and the EU market in July reached more than 4.7 billion USD, up 1.4% compared to June and up more than 13% compared to July. 2020.
The Netherlands, Germany, Italy, and Belgium are the main export markets for Vietnamese goods. The items with the highest export turnover include phones and accessories, computers, electronic products, shoes of all kinds, machinery and equipment spare parts, and textiles.
Notably, July iron and steel exports continued to make a strong breakthrough, increasing by nearly 78% compared to June and increasing by 3,087% over the same period in 2020.
In the opposite direction, Vietnam’s goods imports from the EU market in July reached 1.4 billion USD, down nearly 7% compared to June.
The main imported items from the EU are machinery and equipment, spare parts, pharmaceuticals, chemical products, animal feed, textile raw materials, etc. The main import markets of Vietnam are Ireland, Germany, and Italy. , France, Netherlands.
Generally, in the first 7 months of 2021, the total two-way trade between Vietnam and the EU market reached more than 32 billion USD, up 17.4% over the same period in 2020 and equaling 8.6% of the total two-way trade turnover. of the whole country, slightly down from 9.5% in the first 7 months of 2020.
Regarding the trade balance, in July, Vietnam had a trade surplus of more than 2 billion USD to the EU market, up 15.3% compared to June and up more than 3% compared to July 2020.
Accumulated from the beginning of the year to the end of July this year, Vietnam has a trade surplus of more than 13 billion USD of goods to the EU market, an increase of 15.8% compared to the trade surplus of 7 months of 2020 and equal to 57.7% of turnover. export goods of Vietnam to the EU.
T&G International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
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