UK exports to Vietnam totalled £1 billion during this period—an increase of 21.1 per cent YoY. Out of that, goods exports accounted for £797 million, or 77.5 per cent. UK goods exports to Vietnam surged by 33.3 per cent YoY during the period.
UK imports from Vietnam during the period reached £5.7 billion—up by 15.8 per cent YoY. Of these, goods were worth £5.4 billion, or 94.6 per cent. Imports of goods from Vietnam saw a YoY growth of 12.6 per cent in the period, a news agency reported.
The top five imports included clothing (£542.9 million, or 10.1 per cent) and footwear (£524.8 million, or 9.8 per cent).
Despite the impressive trade growth, the UK reported a total trade deficit of £4.6 billion with Vietnam during the period compared to £4.1 billion in the preceding four quarters.
ALCHEMPro News Desk (DS)
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