Vietnam maintains stable exports to Israel in 2020
Vietnam earned an estimated 700 million USD from exporting goods to Israel in 2020 despite difficulties and obstacles posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.
Vietnam maintains stable exports to Israel in 2020 - Illustrative image (Photo: VNA)
Tel Aviv (VNA) – Vietnam earned an estimated 700 million USD from exportinggoods to Israel in 2020 despite difficulties and obstacles posed by theCOVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.
The figure showed a slight reduction from 774 million USD reported last year. This is said tobe a positive result in the context that the Israeli market witnessed fluctuations,disturbances and difficulties amid political instability and negativeimpacts from the pandemic.
Notably in Novemberlast year, Vietnam's export value to Israel surged by 27.2 percent comparedto the previous month, reaching 51.04 million USD.
Turnover of most key exportitems rose strongly in the month, with coffee up 108.6 percent, footwear (35percent), phones and accessories (31 percent), and textiles and garments (21.4percent) cashew nuts (16.9 percent), and seafood products (3.3 percent).
Israel,with a population of only 9.3 million, is the third largest export market ofVietnam in the Middle East, after the United Arab Emirates (UAE ) and Turkey./.
Vietnam has showed its hope that negotiations between Israel and Palestine will be resumed soon, and called on the international community to create favourable conditions for the talks.
Vietnamese businesses introduced their potential and strong export products in various fields to Israeli partners at a Vietnam-Israel consumer goods trade exchange that was held virtually on November 23.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam maintains stable exports to Israel in 2020 - Illustrative image (Photo: VNA) 
