Vietnam’s imports from Canada surge, exports barely budge in Q1
Vietnam’s exports to Canada rose slightly while imports from the North American nation almost doubled in the first quarter of 2017, according to Vietnamese Trade Counsellor to Canada Hoang Anh Dung.
It also ranked fifth in Asia in exports to Canada, after China, Japan, the Republic of Korea and Taiwan (China).
Meanwhile, Vietnam imported US$166 million worth of commodities from Canada, a year-on-year increase of 77.3%, compared to a plunge of 38.7% in the same period last year, due to higher domestic demand for wheat, coal, oilseed residues, cattle feed and pharmaceuticals.