Vietnam has become one of the top Asian exporters to Spain, only behind China, on par with Hong Kong (China) and above Japan, Taiwan, and the Republic of Korea which are strategic markets of Spain.
Source: Free Pics
It was revealed by the Vietnam Trade Office in Spain at a teleconference on trade promotion with Vietnam trade offices abroad in September.
The latest statistics by Spain Customs showed that two-way trade between Vietnam and Spain hit 2.19 billion EUR in the first half of this year. Of the figure, Vietnam’s export revenue hit 1.95 billion USD, up 56.41%. It continued to enjoy a high trade surplus worth 1.71 billion EUR, up 12.21%.
Its major exports include mobile phones and spare parts, machinery and equipment, garment and textile, footwear, coffee, aquatic products, wood and wooden furniture, and bamboo and rattan products.
The Vietnam Trade Office in Spain asked for collaboration from localities and trade associations to hold online and offline workshops to introduce business opportunities to exporters, as well as hold more trips to Spain to connect Vietnamese importers, distributors, and major supermarkets with Spanish partners.
This year, the office will focus on supporting Vietnam’s exports of aquatic products, fruits and vegetables, and handicrafts.
According to the office, Spain wants to sell more products to Vietnam, including meat and ham, alcoholic beverages, processed organic food, olive, organic cosmetics, milk and dairy products, machinery, and auto spare parts.
Vietnamese ministries and agencies should partner with the office to accelerate the organization of the first meeting of the Inter-Governmental Committee on Economic, Trade and Investment Cooperation to seek solutions to trade barriers and boost ties in industry and energy, the office said.