Vietnam-India trade posts strong growth

Vietnam’s total export-import turnover to India reached 4.24 billion USD in the first seven months of this year, representing a year-on-year rise of 42.95 percent.

Vietnam’s imports of Indian iron and steel products surged 1,040 percent  in the first seven months of this year (Source: vir.com.vn)

Hanoi (VNA) – Vietnam’s totalexport-import turnover to India reached 4.24 billion USD in the first sevenmonths of this year, representing a year-on-year rise of 42.95 percent.

Of the figure, export value was 2 billionUSD, up 34.1 percent, while import stood at 2.24 percent, up 51.9 percent,according to the General Department of Vietnam Customs.

Exports ofiron and steel saw an impressive growth of 991.4 percent, followed by tea; 565.8percent; coal, 424.1 percent; and plastic materials, 105.2 percent. 

Vietnam’s importsof Indian iron and steel products also surged 1,040 percent against the sameperiod last year. The imports of animal and vegetable oils increased 227.8percent; vegetables, 121 percent; and animal feed and raw materials, 83.8percent. |

Notably,Vietnam ran a trade surplus with India in June and July with values increasingeach month.-VNA

VNA

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