Business

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 yearreached 1.039 billion USD and is expected to rise to 1.4 billion USD in2013, up 20 percent over last year, according to Mexico’s Ministryof Economy and the trade office of the Vietnamese Embassy in Mexico.

Main Vietnamese exports included footwear, aquaticproducts, telephone and components, coffee, and computers andaccessories.

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

Meanwhile, Vietnam ’s imports from Mexico have decreasedrapidly and are estimated to reach nearly 73 million USD this year, down13.2 percent compared to previous year worth 84.1 million USD.

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

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