Vietnam’s exports to Mexico surge
(VOV) - Vietnam’s exports to Mexico are estimated at US$1.386 billion this year, a year-on-year increase of more than 20%, according to statistics from the Mexican Ministry of Economy.
Mexico’s exports to Vietnam are on the decline. They reached only US$54.7 million in the first nine months of this year and are estimated at US$73 million for the whole year, down 13.2% from last year’s figure of US$84.1 million.
Anyway, bilateral trade exchange may reach US$1.459 billion by the end of this year, up 18% compared to last year’s level of US$1.238 billion.
 |
Vietnam’s exports to Mexico grow annually by 17% and its highest earners are footwear, seafood (basa fish), telephones and components, garments, coffee, computers, and electronics and components.
According to the Trade Office of the Vietnamese Embassy, Vietnam mainly exports consumer products and imports materials for production from Mexico. However, when the Trans-Pacific Partnership (TPP) agreement is signed, Vietnam will face fierce competition from Mexican products like garments, footwear, pork, beef, eggs and fruits.