Exports to India log biggest rise in years
(VOV) -A surge in exports with higher added value spurred Vietnamese exports to India to their biggest quarterly increase in years the Ministry of Industry and Trade (MoIT) reported in recently released statistics.
Shipments by exporters from Vietnam to India in the three months leading up to April surged 30.52% on-year to US$644.46, propelled by mobile telephones and components skyrocketing 41.37% to US$258.35 million.
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All told, mobile telephones and components accounted for 40% of the total exports trailed by computers, electronics and components at US$41.75 million, up modestly 1.31% on year.
Equipment, machines and tools ranked third on the list of exports for the January-March period at US$36.73 million, free falling down 34.25% compared to last year’s corresponding period.
Other items that saw robust growth during the period included metal (up 172.97%), fibres (up 47.92%), animal food and material (up 69.97%), ceramics (up 239.18%) and cashew nuts (up 299.59%).