Iron and steel exports to Belgium enjoy robust growth

25-Nov-2021 Intellasia | VOV | 7:19 AM Print This Post

With Belgium becoming one of the leading Vietnamese export markets in Europe, iron and steel exports to this market witnessed vigorous growth during the initial 10 months of the year, according to the general Department of Vietnam Customs.

October alone saw Vietnamese export turnover to Belgium stand at nearly $309 million, bringing its 10-month export value to this market to $2.874 billion, or a year-on-year rise of 53.4%.

Four groups of commodities, namely seafood, textiles, footwear, and iron & steel, raked in over $100 million each from exports.

Most notably, Vietnam exported 716,733 tonnes of iron and steel worth $848.9 million to Belgium during the 10-month period, representing a 10-fold increase in terms of volume and 16-fold rise in turnover compared to the same period last year.

Meanwhile, Vietnam spent $476.55 million importing goods from Belgium throughout the reviewed period, a year-on-year increase of roughly 18.8%. Pharmaceutical imports alone were valued at $195 million, marking an increase of 60%.


Category: Economy, Vietnam

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