Ten-month exports to Germany expands by 30.5%
VOV.VN - Vietnamese export turnover to Germany recorded a year-on-year rise of 30.5% to US$7.6 billion during the initial 10 months of the year, according to figures compiled by the Ministry of Industry and Trade.
Meanwhile, the import value stood at US$2.96 billion, saw a slight drop compared to the same period from last year.
Throughout this period, two-way trade hit close to US$10.6 billion, up 17.6% on-year.
Vietnam primarily exported machinery, component parts, automobile, footwear, garment and textiles, coffee, and aquatic products to Germany, while importing machines, components, spare parts, pharmaceuticals, chemicals, and automobile spare parts to the Central European country.
Germany currently represents the country’s biggest trade partner in Europe, accounting for 20% of the nation’s total trade value to the EU.
For Germany, Vietnam is a potential market and an important partner, especially amid the EU-Vietnam Free Trade Agreement (EVFTA) proving effective after being implemented for over two years.