Vietnam posts $665 million trade surplus with the UAE
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Vietnam posted a $665 million trade surplus with the United Arab Emirates (UAE) in the first two months of 2021, alongside an increase in both exports and imports.
Vietnam’s exports to the UAE rose 60 percent year-on-year $737 million, while imports increased 44 percent to $72 million, according to the General Department of Vietnam Customs.
Total Vietnam-UAE trade value surged 58 percent year-on-year during this period.
Phones and components were Vietnam’s foremost exports to the UAE with a value of $551 million, up 108 percent year-on-year. Exports of agriculture and aquaculture products also experienced robust growth. Cashew exports hit $10.3 million, a year-on-year rise of 600 percent.
Vietnam’s main import from the UAE is the plastic raw material, reaching $41.8 million, a year-on-year increase of 66 percent. Among the products imported from the UAE, only petroleum products saw a 42 percent year-on-year decline to $2.5 million.
Questions & Answers
Q.What was the total trade value between Vietnam and the UAE during the first two months of 2021?
What was the total trade value between Vietnam and the UAE during the first two months of 2021?
The combined trade value between Vietnam and the UAE reached $809 million in the first two months of 2021. This figure represents a significant year-on-year increase of 58 percent for the period mentioned.
Q.Which specific Vietnamese export showed the most significant growth percentage to the UAE?
Which specific Vietnamese export showed the most significant growth percentage to the UAE?
Cashew exports from Vietnam demonstrated the most substantial growth, increasing by 600 percent year-on-year. The value of these exports amounted to $10.3 million during the first two months of 2021.
Q.What was Vietnam's primary export product to the UAE and its value?
What was Vietnam's primary export product to the UAE and its value?
Vietnam's main export product to the UAE was phones and components, valued at $551 million. This category saw a considerable year-on-year increase of 108 percent in the first two months of 2021.
Q.Which imported product from the UAE experienced a decline in value for Vietnam?
Which imported product from the UAE experienced a decline in value for Vietnam?
Only petroleum products imported from the UAE experienced a decline. These imports decreased by 42 percent year-on-year, reaching a value of $2.5 million during the first two months of 2021.
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