Vietnam has trade surplus with Germany
(VOV) -Germany is currently Vietnam’s largest trade partner in the EU with two-way trade turnover reaching US$9.065 billion in 2012.
Of the figure, Vietnam’s exports were valued at US$6.6 billion, up 27.7%, and its imports at US$2.5 billion, a year-on-year increase of 9.9%.
In the first six months of this year, bilateral trade showed a year-on-year increase of 29.5% to US$3.7 billion. Vietnam’s export earnings from Germany reached US$2.35 billion (up 22.35%), accounting for 18% of its total exports to the EU.
Computers and electronics, paper products, mobile handsets and accessories, clothing and apparel products were among key items Vietnam exported to Germany, while it imported machinery and equipment, automobiles, and chemical products.
Vietnam will continue to import Made-in-Germany machinery, aiming to become an industrial country by 2020.
By late 2012, Germany had 205 direct investment projects operating in Vietnam with a total capitalization of US$1.1 billion, ranking 22nd among foreign investors in the country.