Vietnam earned an estimated $700 million from exporting goods to Israel last year despite difficulties posed by the Covid-19 pandemic, according to the Vietnamese Trade Office in the Middle Eastern country.

The figure was a reduction from the $774 million reported the year before but was still a positive result in the context that the Israeli market witnessed fluctuations, disturbances and difficulties amid political instability and negative impacts from the pandemic.

Notably in November last year, Vietnam’s export value to Israel surged by 27.2 per cent compared to the prior month, reaching $51.04 million.

Turnover of most key export items rose strongly in the month, with coffee up 108.6 per cent, footwear 35 per cent, phones and accessories 31 per cent, textiles and garments 21.4 per cent, cashews 16.9 per cent, and seafood products 3.3 per cent.

Israel has a population of only 9.3 million but is Vietnam’s third-largest export market in the Middle East, after the United Arab Emirates (UAE) and Turkey.

Vietnam News/ASIA NEWS NETWORK