Wednesday, 16/08/2017 16:48 (GMT+7)
Vietnam - India bilateral trade turnover in the first seven months of the year rose sharply by 42.95% over a year earlier, to USD4.24 billion, according to statistics of Vietnam Commercial Office in India quoted by the Ministry of Industry and Trade on August 14th.
Photo for illustration. (Source: VNA)
Of this, exports were valued at USD2 billion, up more than 34%, and imports reached USD2.24 billion, up nearly 52%.
Exports of iron and steel of all kinds, common metal and iron and steel products showed impressive growth with a total value of more than USD346 million in the seven months, up over 98% compared to the same period last year. This is the group with the biggest export turnover of Vietnam to India.
Exports of computers, electronic products and components reached more than USD302 million, a year-on-year rise of 83%, while exports of mobile phones and components totaled over USD273 million, up more than 34% over a year earlier.
Exports of iron and steel of all kinds gained the strongest growth with more than 991%, followed by tea products (over 565%), fossil coal (over 424%), and plastic materials (over 105%).
However, imports of iron and steel continued to rise sharply by 1,040%, to over USD437 million. It was followed by animal and vegetable oil (227%, to USD4.18 million), fruits and vegetable (121%, to over USD12 million), animal feed and material (some 84%, to USD49 million).
Specifically, Vietnam’s trade surplus to India reached nearly USD22 million in June and more than USD46 million in July./.
BTA