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Exports to India in 2023 reached more than 8.4 billion USD 

 Thursday, January 25,2024

AsemconnectVietnam - According to statistics from General Department of Customs, export turnover of Vietnamese goods to India in December 2023 reached 702.5 million USD, down by 3.6% compared to the previous month. Overall, in 2023, it reached more than 8.49 billion USD, an increase of 6.7% over the same period last year.

The leading of the export turnover in 2023 is a group of computers, electronic products and components, reaching 1.94 billion USD, an increase of 88.2% over the same period last year, accounting for 22.9% of the export turnover; the next is a group of all kinds of phones and components reaching 1.03 billion USD, accounting for 12.2% of proportion.
In 2023, export turnover of some product groups increased comparing to the same period previous year: all kinds of iron and steel increased by 319.3%; Wood and wood products increased by 287.3%; rubber products increased by 65.7%.
India is one of the countries with the highest GDP growth rate in the world. India's population is about 1.4 billion people with a large market capacity, creating many opportunities for enterprises from other countries, including Vietnam. Like other countries, Indian economy was also severely affected by Covid 19 but its economy has gradually recovered and regained growth momentum.

Source: Vitic/ vinanet.vn
 

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