Vietnam-EU bilateral trade

6311147-a-graph-showing-consistent-positive-progress-or-successTwo-way trade between Vietnam and the European Union (EU) in 2012 reached US$29.09 billion, up 19.77 per cent from 2011, according to the General Department of Customs.

Vietnam exported $20.31 billion worth of goods to the EU in 2012, an increase of 22.71 per cent year on year, while importing $8.79 billion worth of goods and services, up 13.48 per cent. This year, the EU surpassed the United States to become Vietnam’s largest importer.

Vietnam’s key export items to the EU in 2012, accounting for 75 per cent of the total, were garments, footwear, coffee, seafood, computers, mobile handsets and spare parts.

While the country only began exporting mobile handsets and spare parts to the EU in 2011, the export value for these products topped $5.4 billion last year.

Other commodities saw moderate growth, such as plastic products, wood and wooden products, bags, suitcases, umbrellas, pepper and cashew nuts.

For its part, Vietnam imported mainly machinery and equipment, pharmaceuticals, milk and dairy products from the EU.

According to the European Market Department of the Industry and Trade Ministry, the fact that trade between Vietnam and the EU continued growing despite the global economic stagnation and a number of EU member states facing debt crisis was a positive sign, suggesting that bilateral cooperation was steadily increasing.


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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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