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The total two-way trade between Vietnam and the UK reached 3.88 billion USD in the first 7 months of 2021

In the first 7 months of 2021, the total two-way trade between Vietnam and the UK reached 3.88 billion USD, up 27.07% over the same period in 2020 and equaling 1.03% of Viet Nam's total import and export value to all markets.

In July 2021, two-way trade turnover between Vietnam and the UK reached US$580.42 million, down 4.86% compared to June 2021 and up 20.36% compared to July 2020. Generally in the first 7 months of 2021, the total two-way trade between Vietnam and the UK reached 3.88 billion USD, up 27.07% over the same period in 2020 and equaling 1.03% of Viet Nam's total import and export value to all markets.

In July 2021, Vietnam had a trade surplus of 426.07 million USD to the UK market, down 1.93% compared to June 2021 and up 10.01% compared to July 2020. Accumulating from the beginning of the year to the end of July 2021, Vietnam has a trade surplus of 2.90 billion USD of goods to the UK market, up 27.27% compared to the trade surplus of the first 7 months of 2020.

Viet Nam's goods exports to the UK market in July 2021 reached US$503.25 million, down 3.64% compared to June 2021 and up 15.75% compared to July 2020. The most exported products to this market in the first 7 months of this year are: Phones of all kinds and components (22.19%); Other machinery, equipment, tools and spare parts (10.99%); Footwear of all kinds (10.72%); Textiles (10%); iron and steel (7.46%)... Notably, in July 2021, exports of a number of products had a strong breakthrough compared to the same period in 2020 such as machinery and equipment, spare parts, iron and steel, wood and wood products…

Viet Nam's goods imports from the UK in July 2021 reached US$77.18 million, down 12.10% compared to June 2021 and up 62.57% compared to July 2020. In general, in the first 7 months of 2021, Vietnam's goods imports from this market reached US$488.21 million, up 28.02% over the same period in 2020. Main imported items in the first 7 months of this year are: other machinery, equipment, tools and spare parts (28.59%); Pharmaceuticals (10.86%); Chemical products (6.89%); Iron and steel scraps (6.08%); Textile raw materials (4.36%); CBU cars of all kinds (4.12%)…


Source:FTAP Copy link

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