The two-way trade turnover between Viet Nam and the EU was estimated at US$ 21.2 billion in the first six months, representing a year-on-year growth of 9.05%, according to the Ministry of Industry and Trade (MoIT).
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In theJanuary-June period, Viet Nam’s shipment to the marketwas worthUS$ 16.2 billion, up 8.68% against the same period in 2015. The country imported US$ 4.97 billion of goods, up 10.28%.
Viet Nam chiefly shipped traditional products, including garments, textiles, footwear, coffee, aquatic products, and computers.
As of 2015, the shipment of telephones and spare parts hit over US$ 9.7 billion,accountingfor around 75% of Viet Nam’stotalexport turnover from the EU.
Over the last 15 years, the two-way trade turnover between two sidesincreased ten times from US$ 4.1 billion in 2000 toUS$ 41.4 billion in 2015.
Viet Nam’s export turnover to the EU surged 11 times from US$ 2.8 billion to US$ 30.8 billion. Meanwhile, Viet Nam’s import volume went up eight times from US$ 1.3 billion to US$ 10.4 billion./.