Business

VN-Mexico trade exchange enjoys steady growth

Two-way trade between Vietnam and Mexico in the first five months of this year saw fairly strong growth, contributing to fortifying Vietnam’s trade surplus with the second largest economy in Latin America.
Two-way trade between Vietnam and Mexico in the first five months ofthis year saw fairly strong growth, contributing to fortifying Vietnam’strade surplus with the second largest economy in Latin America.

The statistics released by t he Trade Office of the VietnameseEmbassy in Mexico on July 22 showed that Vietnam earned nearly467 million USD from exports to Mexico in this period, ayear-on-year increase of 25 percent.

In May,Vietnam ’s export turnover to the Latin American country reached 96.3million USD, up almost 12 percent over the same month last year.

Vietnam has shipped mainly traditional commodities to Mexicosuch as garment and textile products, seafood, footwear, printer, coffeeand rubber.

In the first five months of this year,Vietnam imported 39.8 million USD worth of commodities from Mexico, up 76.1 percent year-on-year.

In the context ofglobal crisis, especially the complications of public debt in Europe,Mexico ’s economy maintains positive development with GDP growth of 4.6percent in this year’s first quarter.

The country reached over 2.6 billion USD in trade surplus with foreign countries in the first five months of this year.-VNA
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