Argentina-Vietnam trade increases sharply

(VOV) -Trade between Argentina and Vietnam is growing robustly, according to new statistics from the Vietnam General Department of Customs.

It reported that in the first ten months of 2012, two-way trade turnover reached US$875 million, a year-on-year increase of 14.7 percent.

The figure includes Vietnamese exports to Argentina worth US$136 million, up 9.9 percent against the same period last year, and imports of US$739 million, up 15.7 percent.

Vietnam exports computers, footwear, electronic equipment and components to Argentina, while importing raw materials, garment accessories, animal feed, animal fat and vegetable oil.

In 2011, Argentina ranked 29th among Vietnam’s foreign traders but has since moved up to 27th this year.

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