Vietnam-India trade posts strong growth

Update: 20:27 | 16/08/2017
Vietnam’s total export-import turnover to India reached US$4.24 billion in the first seven months of this year, representing an annual rise of 42.95%.
vietnam india trade posts strong growth Vietnam – India trade sees strong growth
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Of this figure, export value accounted for 2 billion USD, up 34.1%, while imports stood at 2.24 billion USD, up 51.9%, according to the General Department of Vietnam Customs.

vietnam india trade posts strong growth
Exports of iron and steel saw an impressive growth of 991.4%. (Photo: nhipcaudautu)

Exports of iron and steel saw an impressive growth of 991.4%, followed by tea, 565.8%; coal, 424.1%; and plastic materials, 105.2%.

Vietnam’s import of Indian iron and steel products also surged 1,040% against the same period last year. The imports of animal and vegetable oils increased 227.8%; vegetables, 121%; and animal feed and raw materials, 83.8%.

Notably, Vietnam ran a trade surplus with India in June and July, with values increasing each month.

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(Source: VNA)