Sharp rise in exports of industrial products to UK

According to statistics from the General Department of Vietnam Customs, US$3.1 billion worth of products were exported to the UK in the first 7 months of 2018, a year-on-year rise of 11.37%.

Among the 28 types of product exported to the UK, the highest values were achieved in telephone and components, garments and footwear. Telephones topped the list of export products at US$1.2 billion, up 21.79%, followed by garments with US$428.9 million, up 5.87%, and footwear with US$375.3 million, down 4.85%.

The strongest growth was in electric wires and cables, increasing more than 4-fold to US$3.9 million.

Contrary to the high export values and strong growth of industrial products, exports of agricultural products were low in both volume and value. Typically, exports of pepper dropped by 35.87% in value although its volume rose by 5.9% with an average export price of US$4,372.63 per ton.