Vietnam, UAE enjoy strong trade growth

Bilateral trade exchange between Vietnam and the United Arab Emirates (UAE) in the first seven months of 2015 continued to show stable growth and achieve significant results.

According to statistics by the General Department of Vietnam Customs, the two-way trade turnover reached USD3.68 billion, a year-on-year rise of 20.06%. Of which, Vietnam’s exports to UAE hit USD3.46 billion, up 23.3% while imports from the market were valued at USD224.5 million, down 15%. On the whole, Vietnam enjoyed a trade surplus of over USD3.23 billion.

Vietnam’s main export commodities to UAE were telephones, computers, telecom products and components, pepper, garments, footwear of all kinds, seafood products, machinery, gemstones, and iron and steel of all kinds. Almost all of the commodities retained stable growth rate on the market.

Telephones and their devices had the highest export value at the market at USD2.67 billion, accounting for 77.27% of the total,followed by computers and telecom products at over 282 million, making up 8.17%.

UAE is the biggest middle market in the Middle East and Vietnam’s telephones and devices are often re-exported to other countries through the market.

During the period, Vietnam imported plastic material, liquid gas, livestock food and materials, gemstones, precious metals and common metals./.

( Hoang Vy )