Vietnam and Israel see many positive signals in trade exchange for the first 6 months of the year
Vietnam
Israel
Published Jul 9, 2021
Tridge summary
The latest data shows that, in May 2021, two-way trade between Vietnam and Israel reached 144.68 million USD. Due to the negative effects of the 11-day war between Israel and Hamas in the Gaza Strip in the middle of May 2021, Vietnam's exports to Israel decreased by 12.9% compared to the previous April and reached the 62.80 million USD, imports from this market also decreased by 13.0% compared to the previous April and reached 81.88 million USD.
Original content
Positive signal However, in the first 5 months of 2021, the two-way trade exchange between Vietnam and Israel reached 719.80 million USD. Notably, Vietnam's exports to Israel still increased strongly by 25.1% over the same period last year and reached 342.86 million USD; imports increased insignificantly by 0.4% over the same period in 2020 and reached $376.94 million. Trade deficit in the first 5 months of this year stood at 34.08 million USD. It is estimated that in the first 6 months of the year, Vietnam's exports to Israel reached over 420 million USD and imports from this market reached about 450 million USD. According to the Vietnam Trade Office in Israel, if the current growth momentum is maintained and the market situation does not have unexpected adverse developments, it is forecasted that exports in the whole year of 2021 to Israel may reach about 840 and imports from this market reached about 840 million USD. In May 2021, some key export items to Israel still ...
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