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Vietnam’s exports to Germany up 8.6% in five months

Updated: 21:46, 06/07/2018
Vietnam’s exports to Germany hit US$2.85 billion in the first five months of this year, up 8.6% compared to the same period last year.
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Tea exports to Germany posted the highest growth rate at 132.3%.

Mobile phones and computer components, apparel, footwear, coffee, farm produce and aquatic products made up the majority of the country’s exports.

Of the items, six earned more than US$100 million, including mobile phones and components (US$851.44 million), accounting for 29.8% of the total, a 16.2% increase year on year.

Tea posted the highest growth of 132.3% to US$0.97 million while confectioneries and cereals soared 122.6% to US$10.99 million.

Others include chemicals with 72.5% growth (US$4.15 million), iron and steel up 52.4% (US$2.74 million), cashew nuts up 49.2% (US$42.06 million) and fruits and vegetables rising 31% (US$6.17 million).

Source: NDO

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