Vietnam’s exports to Mexico rise fast

Mexico City (VNA) – Vietnam’s export turnover to Mexico reached nearly 1.54 billion USD in 2015, up 49.16 percent from 2014, the highest increase in a decade, according to the trade office of the Vietnamese Embassy in Mexico.

Vietnam’s key exports to the second largest Latin America economy include mobile phones and parts; leather footwear, computer, electronic goods and components, aquatic products, garment – textile, transport vehicles and parts, coffee, furniture, and rubber.

According to the General Department of Vietnam Customs, Vietnam imported 477.52 million USD worth of products from Mexico in the year, mostly computers; electronic items; machinery and equipment; animal feeds; steel and metals.

Two-way trade reached nearly 2.23 billion USD, an increase of 55.70 percent year-on-year.

Commercial Counsellor at Vietnam's Embassy in Mexico Hoang Tuan Viet attributed the increasing trade to the recently signed Trans-Pacific Partnership (TPP) agreement, to which Vietnam and Mexico are two active members, and the inauguration of a representative office of the Mexican import-export association (ANIERM) in Vietnam.

Founded in 1944, ANIERM is a non-profit organisation working to facilitate foreign trade, logistics and other services.

Vietnam and Mexico established diplomatic relations on May 19, 1975 and since then the politic-diplomatic relationship between the two countries has developed both bilaterally and multilaterally.

Mexico is Vietnam’s second largest trade partner in South America, behind only Brazil. Meanwhile, Vietnam is Mexico’s 12th largest trade partner in the Asian-Pacific region.-VNA