VCN- Italy is Vietnam’s leading trading partner in the EU and Vietnam has maintained a trade surplus.
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Turnover of seven major export commodities of Vietnam to Italy, the unit “US million”. Chart: T.B
According to the General Department of Vietnam Customs, by the end of January 2020, Vietnam’s export turnover to Italyreached US$255.3 million.
|In 2019, Vietnam’s export turnover to Italy reached US$3.44 billion, import reached US$ 1.9 billion. In 2019, Vietnam’s export turnover to Italyreached US$3.44 billion, import reached US$ 1.9 billion.|
Vietnam’s Exported goods are quite diverse, such as agricultural products, textiles, garments and footwear and electronic products.
In January, there are seven commodity groups exported to Italy with a turnover of US$10 million or more.
Export turnover of phones and components was US$65.8 million; footwear of US$30 million; and coffee of US$23.6 million.
Notably, import turnover to Italyalso fell sharply in the first month of this year.
Specifically, export turnover decreased about US$90 million compared to 2019, equivalent to 26 percent.
Export turnover ofphones and components declined nearly US$21 million, equivalent to a decrease of 24 percent.
In January, import turnover from Italy reached US$121 million.
Major import goods are textiles, garments, leather and footwear; medicine; machinery, equipment, tools and spare parts.
Import turnover from Italy dropped by nearly US$66 million, equivalent to a decrease of nearly US$160 million
However, at the end of January, Vietnam still had a trade surplus of more than US$130 million.
By Thai Binh/Ngoc Loan