Vietnam – India trade exchange increased nearly 38% in first 2 months
Thursday, March 30,2017AsemconnectVietnam - The bilateral trade exchange between Vietnam and India reached US$ 1.1 billion in the first two months of this year, up by 37.8 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Of the figure, the country exported $ 454.4 million worth of goods to and imported $ 630.2 million worth of goods from India, up by 32.2 per cent and 42.1 per cent, respectively over the same period last year.
Computers, electronics and components were leading the list of items exported by the country to India in the first two months of this year with the export turnover of $ 91.4 million, accounted for over 20 per cent of the total and increased sharply by 176 per cent over the same period of 2016.
It was followed by cell phones and accessories with $ 64.8 million, up by 11 per cent; and ordinary metals - $ 61.3 million, up by 78 per cent.
In the first two months of this year, the country’s exports of tea to India rocketed by 1,508 per cent year – on – year while the exports of iron and steel of all kinds – up by 258 per cent; computers, electronic and components – up by 176 per cent; and confectionery and grain products – up by 142 per cent.
However, in the period, the country’s exports of bamboo, rattan, sedge and carpet products; pepper and rubber to India decreased sharply by 83.3 per cent; 46.5 per cent and 48 per cent in value, respectively.
Also in the first two months, the country’s imports of goods from India also increased by over 42 per cent to $ 630.24 million. Of the figure, the imports of iron and steel from India rocketed by 1,661 per cent; fruit and vegetables – up by 148.7 per cent; machines, equipment and spare parts – up by 141 per cent; oil and grease – up by 103.7 per cent; animal feed and materials – up by 65.3 per cent.
Vietnam’s exports of goods to India in the first 2 months of 2017 - Unit: US$ - Source: the General Department of Customs
Item
|
First 2 months of 2017
|
First 2 months of 2016
|
First 2 months of 2017 vs. same period of 2016 (%)
|
Total
|
454,457,139
|
343,700,826
|
+32.22
|
Computers, electronics and components
|
91,372,884
|
33,096,597
|
+176.08
|
Cell phones and accessories
|
64,836,816
|
58,361,561
|
+11.10
|
Other ordinary metals and products
|
61,280,858
|
34,417,800
|
+78.05
|
Machines, equipment and spare parts
|
41,727,007
|
33,335,874
|
+25.17
|
Fibers of all kinds
|
18,528,599
|
13,286,379
|
+39.46
|
Means of transport and spare parts
|
14,158,396
|
11,086,720
|
+27.71
|
Coffee
|
13,825,453
|
13,318,872
|
+3.80
|
Chemicals
|
12,946,825
|
19,932,080
|
-35.05
|
Wood and furniture
|
8,005,935
|
9,184,505
|
-12.83
|
Pepper
|
7,346,919
|
13,720,201
|
-46.45
|
Footwear of all kinds
|
6,694,096
|
4,861,346
|
+37.70
|
Rubber
|
6,015,403
|
11,637,728
|
-48.31
|
Textile, garment, leather and footwear materials
|
5,809,529
|
5,196,737
|
+11.79
|
Iron and steel of all kinds
|
5,785,425
|
1,614,136
|
+258.42
|
Chemical products
|
5,784,920
|
4,927,359
|
+17.40
|
Animal feed and materials
|
5,083,341
|
4,471,042
|
+13.69
|
Iron and steel products
|
4,713,533
|
6,482,958
|
-27.29
|
Plastics
|
4,602,116
|
3,196,862
|
+43.96
|
Textiles and garments
|
4,504,825
|
3,429,099
|
+31.37
|
Cashew nuts
|
4,107,294
|
4,259,000
|
-3.56
|
Seafood
|
2,799,324
|
2,794,149
|
+0.19
|
Plastic products
|
1,812,477
|
1,403,988
|
+29.09
|
Coal
|
1,512,000
|
0
|
*
|
Rubber products
|
603,354
|
379,017
|
+59.19
|
Tea
|
432,403
|
26,880
|
+1508.64
|
Ceramic and porcelain products
|
307,933
|
243,420
|
+26.50
|
Confectionery and grain products
|
104,243
|
43,080
|
+141.98
|
Bamboo, rattan, sedge and carpet products
|
48,577
|
290,387
|
-83.27
|
CK
Source: VITIC
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