Netherlands – Vietnams fruitful export market in EU

Over the past three years, the Netherlands has grown to become the largest importer of Vietnamese products in the EU with the value of imports seeing a year-on-year increase of between 18%- 25% to reach US$7.1 billion in 2017, according to the Vietnam Trade Office in the Netherlands.

Vietnam’s  imported products that has a competitive edge like electronics and components, telephones, footwear, garments and textiles, seafood, cashew nuts, machinery, equipment and tools, plastic products, bags, suitcases, umbrellas, means of transport, fruit and vegetables, and various toys, also posted a relatively high growth rate of 10-40% per year.

The Netherlands was also the EU’s largest consumer of Vietnamese cashew nuts and seafood with import values of US$303.6 million and US$541.8 million, up 48.8% and 41.8%, respectively. 

Contrary to the high export growth in the aforementioned products, last year, the exports of other products such as coffee, pepper, and rice dropped by more than 20%.