THE SOCIALIST REPUBLIC OF VIET NAM
Government News
VN-Israel trade value nears US$1.3 bln in 10 months
VGP – Viet Nam-Israel trade value hit US$1.29 billion in the first 10 months of 2020, according to the Viet Nam Trade Representative in Israel.
During the reviewed period, Viet Nam gained US$574.21 million from exporting to Israel, down 11.6% against the same period last year.
Meanwhile, Viet Nam’s imports from Israel saw a year-on-year increase of 188.6%, achieving US$717.01 million.
In October only, the bilateral trade value was estimated at US$136.02 million. Viet Nam’s exports and imports attained US$40.14 million and US$95.88 million, down 16.3% and up 62.1%, respectively.
The nation’s trade deficit with Israel reached US$142.8 million in 10 months, which was mainly attributed to a sharp increase in the import of computers, electronics, spare parts from Israel.
Israel ranked third among largest exporters of Viet Nam in the Middle East region, only after the UAE and Turkey.
By Thuy Dung