Of this, exports hit USD 56 billion, up 10.2% compared with the 2021’s figure, it said.

Vietnam's trade surplus with the European market hit USD 35.5 billion last year.

leftcenterrightdel
(Photo for illustration)

The E.U. is currently Vietnam's leading trade partner and third largest export market with an annual export growth rate of 7.5%, accounting for 13.6% of the Southeast Asian country’s total export turnover in the 2015-2021 period.

The market share of Vietnamese goods in the E.U.’s total imports is 1.8%, higher than that of other Southeast Asian countries such as Malaysia (1.2%), Thailand (0.9%), Indonesia (0.7%) and Singapore (0.7%), according to the European Statistics Agency (Eurostat).

Source: VNA