Vietnam, Mexico trade flourishes
Soaring shipments from Vietnam into Mexico led to a hike in bilateral trade revenue within the first eight months of 2015.
According to the Vietnam Embassy’s Trade Office in Mexico, the eight-month turnover hit US$1.32 billion, an annual climb of 51%.
During the period, Vietnam exported nearly US$1.07 billion worth of commodities to Mexico, up 38 percent year on year. The former also imported goods valued at US$320.94 million from the latter, increasing 215% from the US$149 million seen in 2014.
Income from phones and components captured the lion’s share of the Vietnamese export revenue breakdown with 38.48% or US$384.88 million, followed by footwear, computer/electronic devices, garment-textiles, vehicles and spare parts, fisheries products and machinery.
Meanwhile, Vietnam mainly consumed electronic equipment, iron and steel, and animal feed from Mexico.
Transactions made in September are expected to add US$166 million to the bilateral trade revenue.
In 2014, trade turnover between the two nations hit US$2.26 billion, climbing 40% from 2013, reported the Mexican central bank and economics ministry.
During the period, Vietnam exported nearly US$1.07 billion worth of commodities to Mexico, up 38 percent year on year. The former also imported goods valued at US$320.94 million from the latter, increasing 215% from the US$149 million seen in 2014.
Income from phones and components captured the lion’s share of the Vietnamese export revenue breakdown with 38.48% or US$384.88 million, followed by footwear, computer/electronic devices, garment-textiles, vehicles and spare parts, fisheries products and machinery.
Meanwhile, Vietnam mainly consumed electronic equipment, iron and steel, and animal feed from Mexico.
Transactions made in September are expected to add US$166 million to the bilateral trade revenue.
In 2014, trade turnover between the two nations hit US$2.26 billion, climbing 40% from 2013, reported the Mexican central bank and economics ministry.