Vietnam maintains stable exports to Israel in 2020
Vietnam earned an estimated US$700 million from exporting goods to Israel in 2020 despite difficulties and obstacles posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.
The figure showed a slight reduction from US$774 million reported last year. This is said to be a positive result in the context that the Israeli market witnessed fluctuations, disturbances and difficulties amid political instability and negative impacts from the pandemic.
Notably in November last year, Vietnam's export value to Israel surged by 27.2% compared to the previous month, reaching US$51.04 million.
Turnover of most key export items rose strongly in the month, with coffee up 108.6%, footwear (35%), phones and accessories (31%), and textiles and garments (21.4%) cashew nuts (16.9%), and seafood products (3.3%).
Israel, with a population of only 9.3 million, is the third largest export market of Vietnam in the Middle East, after the United Arab Emirates (UAE ) and Turkey.
