Export to Mexico hits record high in 10 years

Illustrative image (Photo:VNA)

Mexico (VNA) – Vietnam’s export turnover to Mexico reached nearly 1.3 billion USD (Free on Board - FOB price) in the first ten months of 2015, soaring 47.98 percent compared to the same period last year, the highest increase in the past 10 years, according to the trade office of the Vietnamese Embassy in Mexico.

In the previewed period, Vietnam imported over 401 million USD (Cos, Insurance, Freight – CIF price) worth of products from the second largest Latin American economy, up 95.14 percent against a year earlier.

Total bilateral trade in the last 10 months reached nearly 1.7 billion USD, an increase of 57.02 percent year-on-year.

Vietnam enjoyed a trade surplus of 891 million USD in the period, up
33.39 percent year-on-year.

Vietnam’s export to Mexico is expected to hit 1.5 billion USD in 2015, a rise of 44.78 percent, while its import from the market is estimated at 487 million USD, bringing two-way trade to 1.98 billion USD, 52.3 percent higher than 2014.

Commercial Counselor Hoang Tuan Viet attributed the high export growth to promotion efforts by domestic enterprises, trade associations and representative agencies abroad.-VNA