Two-way trade between Vietnam and Brazil in the first three quarters of this year hit 1.66 billion USD, up 27 percent over the same period last year and already more than that of the whole of 2012.

According to statistics from Brazil’s Ministry of Development, Industry and Foreign Trade, Vietnam’s exports to the Latin American country fetched almost 849 million USD, a year-on-year increase of 42 percent. While its imports was 809.6 million USD, up 14.2 percent.

Vietnam’s exports in the reviewed period were mainly telephone components, footwear, frozen fillet fish, chipset, printers, synthetic fibre, accumulators, cement, rubber, rice and auto tyres.

Meanwhile, the largest economy in Latin America provided Vietnam with soybean, maize, steel, cotton, tobacco materials, powdered meat, timber and leather.

Economic experts said two-way trade between the two countries this year is likely to surpass 2 billion USD for the first time.-VNA