In 2024, Vietnam exported nearly US$51.7 billion worth of goods to the European Union, marking an 18.5% increase, equivalent to an additional US$8.08 billion compared to the previous year.

Vietnam's exports to the EU and the US in 2023 were estimated to reach around US$166 billion, a 9.6% decrease while imports were estimated at nearly US$41 billion, a 9.1% drop in comparison to 2022.

Following sustainable development will help Vietnamese pepper further enter the EU where more and more consumers ask for certificates that prove the products’s sustainability, an insider has said.

Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, most commitments in the agreement have been implemented and left positive impacts on business activities, especially trade, said Do Viet Ha of the Trade Office of the Vietnamese Embassy in Germany.

The trade turnover between Vietnam and the European Union (EU) reached US$52.5 billion in the first ten months of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).

VOV.VN - The two years on from the implementation of the EU-Vietnam Free Trade Agreement (EVFTA), many Vietnamese export items have recorded impressive growth in the EU market.

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.