Vietnam-France trade grows considerably
(VOV) - The exchange of goods between Vietnam and France has been highly stable over the years.
As a European Union (EU) member, France constantly developed its bilateral trade with Vietnam, with the trade exchange of goods growing at a high rate in the 2008-2012 period.
However, Vietnam had a slight trade deficit in 2009, due to the impact of global economic slowdown.
But in 2010, its exports to France increased by 35.6% compared to 2009, leading to a trade surplus of US$0.13 million.
In 2012, Vietnam’s total export earnings from France reached US$2.16 billion, a sharp increase of more than 30% over the previous year. France became its fourth largest export markets in Europe and ranked 15th in its list of export markets.
This was attributed to a sharp rise in the export value of computers, electronics and components to US$203 million, tripling the previous year’s figure. Other items of high export value included telephones and components (up 65 %) and coffee (up 114%).
In 2012, total imports from France reached US$1.6 billion, up 31.9% on the previous year, with the volume of iron and steel increasing by 117%, means of transport and other components by 111.8%, and milk and dairy products by 107%.
In the first eight months of the year, Vietnam’s key export items to France included computers, electronics and components, footwear, telephones and components while its imports were mostly pharmaceuticals, machinery and equipment, and iron and steel.