Vietnam-India trade recovers post-COVID-19

A worker at a firm specialising in electronic components (Illustrative photo: VNA)

New Delhi (VNA) - Trade between Vietnam and India in August picked up 12 percent from July, reaching 1.02 billion USD despite the complications from the COVID-19 outbreak, according to the Vietnamese Trade Office in India.

Trade turnover stood at 6.08 billion USD in the January-August period, a year-on-year decline of 24.4 percent. Vietnam shipped 3.12 billion USD worth of goods to India, down 34.2 percent, while importing 2.96 billion USD worth of Indian goods, up 4.9 percent against the same period last year.

Telephones and components continued to be the biggest earner for Vietnam in the period, bringing in 827.77 million USD, a year-on-year decline of 11.7 percent. Following were computers, electronic products, and components (542.39 million USD, down 32.3 percent) and machinery and tools (243.45 million USD, down 57.4 percent).

Major imports from India included steel products (832.75 million USD, up 61.5 percent), machinery and components (210.78 million USD, down 32.5 percent), pharmaceutical products (172.4 million USD, up 5.7 percent), and seafood (161.45 million USD, up 19.3 percent)./.