Vietnam-Brazil trade hits record high in 2013
(VOV) - Two-way trade between Vietnam and Brazil has exceeded the US$2 billion mark for the first time, reaching US$2.33 billion in 2013.
The figure represents a year-on-year increase of 42.3%, according to the Brazilian Ministry of Development, Industry and Foreign Trade.
Of the total, Vietnam earned US$1.14 billion from its exports and consumed US$1.19 billion worth of Brazilian goods, up 39.6% and 45% respectively.
It mainly exports phone accessories, footwear, frozen fish fillets, printers, artificial fibres, batteries, and rubber to the largest Latin American economy.
Its major imports included soybean, corns, cotton, iron & steel, and tobacco.
The Ministry of Development, Industry and Foreign Trade reports bilateral trade has kept rising since 2000. Its statistics show the trade value only hit US$109 million in 2005 but surpassed US$1 billion in 2011.