Vietnam-Brazil trade turnover exceeds US$2 billion

(VOV) -The trade turnover between Vietnam and Brazil was estimated at US$2.005 billion in the first eight months of this year.

Of this figure, Vietnam’s exports to Brazil reached US$909.8 million, up 31.6% compared to the same period last year, while its imports from the South American country stayed at US$1.095 million, up 42.9%.

vietnam-brazil trade turnover exceeds us$2 billion hinh 0

Among Vietnam’s export commodities to Brazil which saw high growth rate included fibres (up 104%), telephone and components (up 132%), bags, suitcases, hats, and umbrellas (up 36.4%), garment and textile (up 36.3%), vehicles (up 29.6%), and aqua products (up 20.9%).

Meanwhile, equipment and spare parts, computer and other electronic products also experienced a sharp decrease compared to a year earlier.

Brazil is a big importer of Vietnam’s raw materials, with key import items comprising corn seeds, animal feed, wood and wooden products, textile materials, leather and footwear.

Two-way trade turnover between the two countries is expected to exceed US$3 billion in 2014.