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Vietnam’s garment and textile exports to EU increased by 34.6% in Jan-May 2022

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Vietnam’s exports to the European Union (EU) increased further between January and May this year, with a trade surplus of $13.4 billion, up nearly 47%, thanks to their free trade agreement. bilateral exchange. Exports of clothing and textiles and footwear also increased and increased by 34.6 percent and 19 percent respectively during the period.

The General Statistics Office (GSO) said Vietnam’s exports have increased despite the lingering effects of the pandemic and the Russian-Ukrainian war which have driven up the costs of materials and fuel, a news agency reported.

Trade between Vietnam and the EU topped $57 billion last year, a 14.5 percent year-on-year increase as companies maximized the deal.

Vietnam’s exports to the European Union (EU) increased again between January and May this year, with a trade surplus of $13.4 billion up almost 47%, thanks to their free trade agreement bilateral. Exports of clothing and textiles and footwear also increased and increased by 34.6 percent and 19 percent respectively during the period.

Vietnam is now the EU’s biggest trading partner in the Association of Southeast Asian Nations and among the top 10 suppliers of goods to the market.

Fibre2Fashion (DS) News Desk

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