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Vietnam Steel Export to EU up 5 Folds in First 5 Months of 2021
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2021-06-30
According to the data of Vietnamese Customs, Vietnam's steel export reached 980 thousand tons at an export value of USD 833 million this May, down 4% in volume and up 8.2% in value from this April. The total export volume reached 4.88 million tons in the first 5 months of 2021 at a total export value of USD 3.61 billion, up 61.6% in volume and up 117% in value from the same period last year. The EU, China, Cambodia, Malaysia and Mexico are the top 5 destinations for Vietnamese steel products. In the first 5 months of 2021, Vietnam grew 500% (at 713 thousand tons) in steel export to the EU, 200% to China (at 1.1 million tons), and 250% to Mexico (at 293 thousand tons).
The significant growth in Vietnam's steel export to the EU could be attributed to the European Union-Vietnam Free Trade Agreement (EVFTA). This also means that Vietnamese companies have acquired standardized production lines and are capable of meeting the stringent requirements and demand by the countries they export to.
The significant growth in Vietnam's steel export to the EU could be attributed to the European Union-Vietnam Free Trade Agreement (EVFTA). This also means that Vietnamese companies have acquired standardized production lines and are capable of meeting the stringent requirements and demand by the countries they export to.
越南鋼鐵
輸出歐盟
歐越自貿協定
出口成長
Vietnam steel products
shipment to the EU
export growth
EVFTA
