Vietnam-India trade posts strong growth

Vietnam’s total export-import turnover to India reached US$4.24 billion in the first seven months of this year, representing a year-on-year rise of 42.95%.

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Of the figure, export value was US$2 billion, up 34.1%, while import stood at 2.24%, up 51.9%, according to the General Department of Vietnam Customs.

Exports of iron and steel saw an impressive growth of 991.4 percent, followed by tea; 565.8%; coal, 424.1%; and plastic materials, 105.2%.  

Vietnam’s imports of Indian iron and steel products also surged 1,040 percent against the same period last year. The imports of animal and vegetable oils increased 227.8%; vegetables, 121%; and animal feed and raw materials, 83.8%. |

Notably, Vietnam ran a trade surplus with India in June and July with values increasing each month.