Vietnam, India trade on upward trend

VOV.VN - Trade revenue between Vietnam and India jumped 37.8% to US$1.1 billion in the first two months of 2017 against the same period last year, according to latest statistics from the General Department of Vietnam Customs.

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Of the figure, Vietnam’s exports to India rose 32.2% to US$454.5 million while imports increased by 42.1% to US$630.2 million.

Among 28 key export products to India in the period, computers, electronics and components came first with US$91.4 million, up 176% against the same period last year, trailed by telephones and components (US$64.8 million, up 11%) and base metal (US$61.3 million, up 78%).

Most export products to India obtained a growth, particularly tea (up 1,508%), steel (up 258%) and confectionary and cereal products (up 142%).

Meanwhile, import products from the country also saw a sharp increase, especially steel (up 1,661%), fruit and vegetables (up 148.7%), machines, equipment and tools (up 141%), animal and vegetable fats and oils (up 103.7%), and animal feed and raw materials (up 65.3%).

Particularly, Vietnam has no longer imported corn from India for the last few months.

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