Singapore-Vietnam trade continues to thrive
Two-way trade between Vietnam and Singapore in the first two months of 2014 enjoyed a year-on-year increase of 20% to reach US$2.2 billion.
According to the International Enterprise Singapore, during January-February, Singapore spent US$377 million on importing products from Vietnam, down 0.2% year-on-year.
Vietnam’s main exports to Singapore include mobile phones and spare parts, boilers, coffee and tea.
Meanwhile, Singapore earned US$1.8 billion from exports to Vietnam, up 25% from the same period last year.
The country’s key exports are petrol and oil products and assorted phones.
Singapore Customs’ statistics show that the two countries’ trade turnover hit US$14 billion in 2013, up 36% from the previous year. Of the total figure, Vietnam’s exports make up more than US$3 billion.
Vietnam’s main exports to Singapore include mobile phones and spare parts, boilers, coffee and tea.
Meanwhile, Singapore earned US$1.8 billion from exports to Vietnam, up 25% from the same period last year.
The country’s key exports are petrol and oil products and assorted phones.
Singapore Customs’ statistics show that the two countries’ trade turnover hit US$14 billion in 2013, up 36% from the previous year. Of the total figure, Vietnam’s exports make up more than US$3 billion.