Data from Vietnam Customs showed the country’s exports to India reached US$2.9 billion during the reviewed period, up 25.1% year-on-year, while imports rose 34% to US$1.8 billion. Total trade turnover between the two countries reached its highest level in five years.

Electronics remained Vietnam’s largest export group to India, generating around US$1.3 billion from phones, computers, electronic products and components, as well as machinery, equipment and spare parts, accounting for nearly half of total export value to the vast market.

Notably, some export items saw strong increases during the period. Steel exports climbed 128% to US$248 million. Footwear exports rose 12-fold to US$44.5 million, while coffee exports surged nearly tenfold to US$34.3 million. Exports of plastic raw materials also surged to US$91.9 million.

Other products recording strong growth included vehicles and spare parts, textiles and garments, rubber and tea.

On the import side, Vietnam sharply increased purchases of steel and corn from India. Steel imports soared 18-fold to US$178 million, while corn imports jumped from around US$1 million to US$62.9 million.

Imports of several other products also increased strongly, including petroleum-related products, animal feed and feed ingredients, vegetable and animal oils and fats, and fruit and vegetables.

Meanwhile, imports of some products from India declined, with pharmaceutical ingredients falling 40.6% to US$12.7 million and plastic raw materials dropping 63% to US$16.7 million.

Seminar promotes sustainable value chains in Vietnam-India leather, footwear sector

VOV.VN - An online seminar held on April 9 by the Vietnam Trade Office in India in coordination with the Vietnam Leather and Footwear Institute discussed ways to strengthen business links and expand cooperation in the leather and footwear sector, with a focus on building sustainable value chains between Vietnam and India.