Exports to India rise sharply

(VOV) - April’s two-way trade turnover between Vietnam and India hit US$498.4 million, up 77.7 percent compared to the same period last year.

The General Department of Vietnam Customs reports that Vietnam’s exports to India hit US$247.8 million, an increase of 105 percent, while imports from India rose 57.7 percent to US$250.6 million.

As a result, the trade deficit declined by 91.7 percent.

Overall bilateral trade value in the first four months of this year totalled US$1.8 billion, a year-on-year increase of 48.8 percent.

During this period, Vietnam’s exports to India were valued at US$780.2 million, an increase of 71 percent. The US$1.024 billion worth of imports from India represents an increase of 35.4 percent.

The trade deficit has fallen by 8.7 percent.