Vietnam’s exports to Singapore last month increased 7.6% to over 603 million Singapore dollars while its imports went up 3.27% to over 1.93 billion Singapore dollars.
In the first quarter, bilateral trade surpassed 7.7 billion Singapore dollars, up 4.2% from the same period last year. Vietnam recorded over 1.83 billion Singapore dollars in exports to and nearly 5.89 billion Singapore dollars in imports from Singapore, respectively growing 15% and 1.2%.
With this result, Vietnam remains the 10th largest trading partner of Singapore, the Trade Office said.
Some commodities enjoyed export surges such as animal and plant oil and fat, rice and cereal, and steel. Others saw plunges in shipments to Singapore, including salt, sulfur, earth and stone, plaster, lime and cement, together with timber and wood products.
Regarding imports from Singapore, 12 of 21 groups of commodities experienced import decreases, including reactors, boilers, machine tools, and spare parts of those machines./.
