VOV.VN - The nation’s export value to the EU grew further in the first six months of this year, resulting in a trade surplus of US$15.5 billion, a rise of nearly 39%, thanks to the bilateral free trade agreement in place between the two sides.
Statistics highlight that total trade between Vietnam and the EU stood at an estimated US$31.7 billion in the first half of the year.
Of the figure, Vietnam exported US$23.6 billion worth of goods to the bloc, while it imported US$8.1 billion worth of products from the lucrative market.
The Netherlands, Germany, Italy, Belgium, France, Spain, and Austria represent key markets in the region importing Vietnamese commodities.
Most notably, exports picked up on items such as cashew nuts, coffee, vegetables, fruit, fishery products, rice, and timber products.
These positive signs are attributable to the EU - Vietnam Free Trade Agreement (EVFTA) which took effect from August 1, 2021. Vietnamese exports continued to expand despite the lingering impact of the COVID-19 pandemic coupled with the Russia-Ukraine conflict which has pushed material and fuel prices up, as well as rising transportation costs.