Bilateral trade revenue between Brazil and Vietnam reached 3.17 billion USD in 2014, representing an annual increase of 36 percent and exceeding the 3 billion USD mark for the first time.

Last year, Vietnam exported 1.58 billion USD worth of commodities to Brazil while simultaneously importing goods valued at 1.59 billion USD from its biggest South American partner, according to a statement from the Brazilian Ministry of Development, Industry and Foreign Trade on January 14.

Vietnam mainly sold electronic products, footwear, frozen fish fillets, and man-made fibre to Brazil and purchased agricultural products, raw materials and spices.

Brazil’s total revenue from foreign transactions declined in 2014, down 5.7 percent from 2013 to 454.2 billion USD.-VNA