UEA continues to be a potential market for Vietnamese businesses

Published Mar 22, 2021

Tridge summary

The UAE is a potential market for Vietnamese enterprises with demand for pepper and a trade surplus, as shown by a 58% increase in two-way trade turnover to 809 million USD in the first two months of 2021. Despite a decrease in certain categories like footwear and textiles due to the COVID-19 pandemic, agricultural and aquatic products experienced positive growth, with cashew nuts, seafood products, vegetables and fruits, and pepper reaching 10.3 million, 10.6 million, 7.5 million, and 4.8 million USD respectively. The UAE is a hub for re-exporting goods to the Middle East and Africa, offering Vietnamese goods more opportunities for international reach.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As one of the 10 major export partners of Vietnam in the world and the largest export partner of Vietnam in the Middle East and Africa, the United Arab Emirates (UAE) with pepper demand Using and importing large amounts after the COVID-19 epidemic, many trade experts believe that this continues to be a potential market for Vietnamese enterprises to penetrate and develop in the coming time. Statistics of the Ministry of Industry and Trade show that, in the first 2 months of 2021, the total two-way trade turnover between Vietnam and the UAE reached 809 million USD, up to 58% over the same period in 2020; in which, export turnover to the UAE reached approximately 737 million USD, up nearly 60% and imports reached 72 million USD, up 44%. Vietnam has always been in a trade surplus with this market. Notably, phones and accessories are still the main export items of Vietnam to this market, reaching 551 million USD, up nearly 108% over the same period last year and accounting for 2/3 of ...

Source: Vinacas