VN enjoys trade surplus of US$1.31 billion from Italy

08:11 | 16/12/2014

VGP – Viet Nam’s export turnover to Italy reached US$2.5 billion over the past 11 months of the year, witnessing a year-on-year increase of 18.2%.

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The nation enjoyed a trade surplus of US$1.31 billion in the reviewed period.

The exports of phones and accessories led others with US$913.4 million, up 8.86% and making up 40% of the total export value.  It was followed by footwear with US$237.85 million, accounting for 10.4% and coffee with US$210.67 million, up 50.74% in volume and up 48.38% in value.

Italy has become the 18th largest exporter and 15th largest importer of Viet Nam. The European nation also ranked third among the largest trade partners of Viet Nam in the EU.

Viet Nam’s export growth rate to Italy maintained at around 19% per year in the phase from 2005-2011.

Remarkably, when the Free Trade Agreement negotiations between Viet Nam and the EU are completed, Viet Nam’s export and import turnovers with EU nations will increase 30-40% and 20-25%, respectively.

By Thuy Dung