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Vietnam exports to UAE grow 27% y-o-y

Vietnam exports to UAE grow 27% y-o-y
Quoting Vietnam Customs statistics, the website vietnamnet.vn revealed that Vietnamese total exports to the United Arab Emirates (UAE) during the first five months of 2014 surged by 27% year-on-year (y-o-y), registering $2.03 billion, reported Khaleej Times.

The Vietnam Customs statistics forecast a y-o-y 25% turnover growth reaching $2.4 billion during the first half of this year.

Vietnam’s main export items to the UAE include mobile handsets, computers, electronic products, pepper, textiles and footwear. It is worth noting that handbags, suitcases, hats and umbrellas posted the highest export turnover growth rate of 305% during the first five months of 2014.

According to these statistics, the UAE is now Vietnam’s fifth largest export market, surpassing Germany and Hong Kong.