Vietnam enjoys more than US$1 billion trade surplus with Philippines
VOV.VN - Vietnam’s exports to the Philippines rose by 9.94% to US$2.2 billion last year while imports dipped 47.5% to over US$1 billion, according to Vietnam Customs.
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Vietnam mainly exported industrial, manufacturing, agri-forestry and seafood products, of which machines, equipment and tools ranked first with US$221.2 million, up 8.09%, trailed by telephones and components with US$214.2 million, up 56.22% and computers, electronics and components with US$204.3 million, up 41.75%.
Most export products obtained a growth and even impressive. They are pepper (up 188.26%), chemicals (up 105.9%) and cement and clinker (up 100.04%). Only 24.2% of export products saw a decrease and rice recorded the deepest decline of 64.17% to US$167.4 million.
