Germany is a biggest trade partner of Vietnam in Europe
Chart of the turnover value of the 6 largest export commodities of Vietnam to Germany by the end of May 2017, the unit calculated "million dollars". Sketch by T.Bình |
According to the latest information of the General Department of Customs, it showed in terms of export, the German market consumed goods from Vietnam that reached a total value of $US 2.628 billion, ranking at second place in Europe, just after Netherlands ($US 2.672 billion).
However, with the import turnover at the same time was $US 1.231 billion, the total value of trade turnover between Vietnam and Germany reached the highest figure among Vietnam’s customers in Europe (because of imports from the Netherlands only reached over $US 271 million).
Among the major export groups of Vietnam to Germany, there are 6 groups of goods reached the turnover of $US 100 million or more. In that, phone and accessories group was ranked in first place with the value of nearly $US 733 million (updated by May 2017). The next groups are: Raw materials of textile, garment, leather, shoes reached over $US 394 million; Coffee was near $US 270 million; Textile was $US 258 million; Computers, electronic products, and components reached $US 188.6 million; machinery, equipment, and spare parts was $US 143 million.
Meanwhile, in the import, at the same time, there were two groups of goods imported from Germany worth a turnover of $US 100 million or more, including machinery, equipment, tools and spare parts reached $US 516.4 million; pharmaceutical was $US 127.8 million.
Thus, in comparison with the same period of 2016, the value of Vietnam’s export turnover to Germany increased by 8.5%, equivalent to $US 206 million. In that, imports rose by 16 % that equivalent to $US 170 million.
Related News
Notice for businesses exporting watermelons to China
09:40 | 25/04/2024 Customs
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Export-import quarter 1: The recovery trend is becoming clearer.
10:32 | 07/04/2024 Import-Export
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export