Steady growth in Vietnam-Mexico trade
QĐND - Saturday, June 23, 2012, 21:22 (GMT+7)
Vietnamese exports to Mexico reached US$78.55 million in April, Vietnam’s Embassy in Mexico reported.
According to the Embassy’s Commercial Office, exports to Mexico, the second largest economy in Latin America, only recorded an eight percent increase over last year’s same period.
However, the figures still indicate a steady increase in two-way trade, thanks to Mexico focusing more and more on Asia and diversifying its market policies and Vietnamese businesses becoming more dynamic.
Commercial Counsellor Hoang Anh Dung said that in the first four months of this year, Vietnam earned US$370.7 million from exports to the North American market, a rise of nearly 30 percent thanks to an increase in the volume of garments, footwear, coffee and aquatic exports.
The Southeast Asian nation also imported over US$26 million worth of commodities from Mexico during this period, a year-on-year rise of 62 percent.
Remarkably, the import value increased more than twofold in April, from US$3.9 million to US$8.3 million, due to a high demand for electronic equipment and cattle fodder.