Brazil increases imports from Vietnam
Brazil’s import turnover of Vietnamese products recorded a year-on-year increase of 42% in February, the South American country's Ministry of Development, Industry, Trade, and Services announced on March 6.
In the month, the country’s export turnover totalled at US$23.5 billion, while imports were valued at US$18 billion, up 16.3% and 2.4% year-on-year, respectively.
Trade turnover between the nation and Vietnam neared US$7 billion last year, surpassing the 2022 figure of US$6.7 billion. The two countries are striving to increase the figure to US$10 billion in 2025 and US$15 billion by 2030.
