Vietnam recorded a trade surplus of 474 million USD with Turkey in the first five months of 2014, equivalent to 93 percent of its total export turnover, Cong thuong (Industry and Trade) newspaper has reported.

Two-way trade between Vietnam and Turkey hit 548 million USD in the reviewed period, of which the former’s exports fetched around 511 million USD.

Cell phones and components and fibres topped the list as they made up more than 65 percent of Vietnam’s total exports to Turkey.

Bilateral trade is expected to reach 696.7 million USD in the first half of the year, an increase of 25.7 percent year-on-year, according to data released by the Ministry of Industry and Trade.

Of the total, Vietnam’s export turnover is estimated at 611.5 million USD, up 20 percent, while its imports will rise 17.3 percent to 52.2 million USD.-VNA