Exports to UK see slight rise

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.