Vietnam’s export to Mexico continues to grow fast

Vietnam’s export to Mexico in the first nine months of the year reached 1.039 billion USD and is expected to rise to 1.4 billion USD in 2013, up 20 percent over last year, according to Mexico’s Ministry of Economy and the trade office of the Vietnamese Embassy in Mexico.
Vietnam’s export to Mexico in the first nine months of the year reached 1.039 billion USD and is expected to rise to 1.4 billion USD in 2013, up 20 percent over last year, according to Mexico’s Ministry of Economy and the trade office of the Vietnamese Embassy in Mexico.

Main Vietnamese exports included footwear, aquatic products, telephone and components, coffee, and computers and accessories.

It is noteworthy that footwear accounted for 28.38 percent of the total export value.

Meanwhile, Vietnam ’s imports from Mexico have decreased rapidly and are estimated to reach nearly 73 million USD this year, down 13.2 percent compared to previous year worth 84.1 million USD.

Total two-way trade in the first nine months of 2013 reached 1.094 billion USD and is expected to achieve nearly 1.46 billion USD for the whole year.

According to the trade office of the Vietnamese Embassy in Mexico , the two countries are joining negotiations on the Trans-Pacific Partnership Agreement (TTP) which once succeeds, would offer great opportunities for the two countries’ exports. At the same time, Vietnamese exporters will face increasing competition from Mexican partners in several products such as textile and garment, leather-footwear, meat and fruit.-VNA

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