Exports to India see robust first-quarter growth
VOV.VN - Exports to India skyrocketed 111% to US$1.568 billion during the first quarter of the year, according to the Vietnamese Trade Office in India.
Some export products reporting the strongest growth included machinery, equipment, tools, vehicles and spare parts, steel products, coal, bamboo and sedge products, and carpets. Exports of mobile phones and components performed particularly well, ballooning 99.70% over the first quarter.
Meanwhile, imports from India inched up slightly compared to the same period last year. Some products saw robust import growth, such as ores and minerals (up 187.9%), material plastics (up 153.8%), automobile spare parts (up 146.7%), and paper (up 106.6%).
According to statistics from the Indian Ministry of Commerce and Industry, the value of bilateral trade between the two countries hit US$1.89 billion in the first two months of this year, with India’s exports to Vietnam accounting for US$962.39 million (down 16.58%) and imports for US$931.99 million (up 84.52%).