Despite significant progress in bilateral trade during the period 2009 to 2012, two-way trade volume in 2013 tapered off sharply by 24% compared to 2012 on the back of political unrest that erupted in Egypt.
Leading government economists and market analysts are now optimistically forecasting that Vietnamese exports to Egypt have bottomed out and are now on the rebound, expected to exceed more than US$200 million for 2014.
On the flip side, Egypt’s exports to Vietnam also fell sharply from US$14.4 million in 2011 to US$7.55 million in 2012 and US$8.73 million in 2013.
In the first four months of 2014, seafood and agricultural products topped the list of Vietnamese exports to Egypt with a value of US$28.94 million, accounting for 35.5% of total market share.
