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Iron and steel exports to EU saw a 620% surge in June 2021

02:25 - 29/09/2021

Highest export value to the EU market in the first 6 months of 2021 belonged to the following products: phones and components, computers, electronic products, shoes of all kinds, machinery and equipment spare parts, textiles,

and iron and steel of all kinds. Among the above-mentioned products, phones and their components observed a sharp decrease, while the remaining products grew remarkably, especially iron and steel (a surge of 620% over the same period in 2020). As such, Viet Nam's iron and steel export proportion increased sharply from 0.51% (in the first half of 2020) to 3.09% (in the first half of 2021).

Viet Nam's imports from the EU market in June 2021 reached nearly USD 1.06 billion, down 1.06% compared to May 2021 but up 18.02% compared to May 2021. In the first half of 2021, Viet Nam's accumulated imports from the EU reached 5.99 billion USD, up 20.47% over the same period in 2020, equaling 3.76% of the total country's imports, but being narrowed compared to the propotion of the first half of 2020 (4.26%).

Major imported products from the EU in the first 6 months of 2021 include: machinery and equipment, spare parts, pharmaceutical products, chemical products, animal feeds, raw materials for textiles.

In June 2021, a number of imported products from the EU increased significantly compared to May 2021 and June 2020 such as computers, electronic products, chemicals, milk and dairy products, and other common metals.

Please download the full June publication in the link.