Vietnam exports to the UK hit US$2.8 billion in the first seven months of this year, up 1.61% against the same period last year, according to the General Department of Vietnam Customs.
Telephones and components were key products, accounting for 35.2% of the total export revenue, however, its growth in the period fell 7.09%. Garment came second with US$405.1 million (up 0.56%) and footwear ranked third with US$394.4 million, up 7.04%.
Particularly, steel exports to the European market enjoyed a sharp increase of 1421.6% although its value just reached US$26.2 million.
Around 64.2% of export products to the UK obtained a growth, especially machines, equipment and tools (up 106.22%), base metal (up 66.95%) and rubber products (up 49.22%).
Seafood was also a key export product to the UK with a value of US$136.2 million, up 30.13%.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the UK is the biggest importer of Vietnam shrimp among EU countries, making up 4.8% of the country’s total shrimp export value. Its demand for shrimp remains high despite political instability.
VASEP forecasts that shrimp exports to the market will continue to go up this year.VOV