Last year saw Vietnam's export turnover to Israel reach roughly US$700 million and imports hit estimated US$850 million, according to the Vietnam Trade Office in the Middle East nation.

Footwear is one of Vietnam's key export items to the Israeli market

Notably, Vietnam's export value in November last year increased by 27.2% to US$ 51.04 million, compared to the previous month.

This indicated a slight fall in comparison to a figure of US$ 774 million recorded last year. This is said to be a positive result in the context that the Israeli market suffered fluctuations, disturbances and difficulties amid political instability and negative impacts caused by the COVID-19 pandemic.

Turnover of most key export items posted sharp increases during the month, including coffee up 108.6%, footwear (35%), phones and accessories (31%), and textiles and garments (21.4%) cashew nuts (16.9%), and seafood products (3.3%).

With a population of only 9.3 million, Israel is the third largest export market of Vietnam in the Middle East, behind the United Arab Emirates (UAE) and Turkey.