Vietnam, Brazil hit record in two-way trade
Two-way trade between Vietnam and Brazil in the past ten months has exceeded last year’s figure, hitting over US$2.55 billion, a year on year increase of 35.8%.
According to Brazil’s Ministry of Development, Industry and Foreign Trade, in the reviewed period, Vietnam exported goods worth US$1.28 billion to Brazil and imported US$1.26 billion, up 33.5% and 38.2%, respectively.
Vietnam mostly shipped electronic products, mobile phones and spare parts, footwear, frozen fish fillets and synthetic fibers to Brazil. Meanwhile, the country imported maize, soy bean and by-products, cotton, and footwear and tobacco materials.
Brazil is Vietnam’s largest trade partner in Latin America. In 2013, the two nations’ trade turnover reached US$2.33 billion.
Vietnam mostly shipped electronic products, mobile phones and spare parts, footwear, frozen fish fillets and synthetic fibers to Brazil. Meanwhile, the country imported maize, soy bean and by-products, cotton, and footwear and tobacco materials.
Brazil is Vietnam’s largest trade partner in Latin America. In 2013, the two nations’ trade turnover reached US$2.33 billion.