Exports to Saudi Arabia drop sharply

• By :
• Export

Exports to Saudi Arabia fell by 24.61% to US$335.9 million in the first ten months of this year, according to statistics from the General Department of Vietnam Customs.

Most export products to the market, even key items saw a decline, such as telephones and components (down 39% to US$100 million, accounting for 44% of total export value), seafood (down 11.85% to US$51.6 million) and garment (down 15.24% to US$40.7 million).

Steel suffered the deepest decrease of 97.13% to US$457,000, trailed by machines, equipment and tools (down 71%).

In the reviewed period, export items to Saudi Arabia included telephones and components (44%), seafood (22%), garment (18%), wood and timber products (8%) and others (8%).

VOV