Vietnam-Brazil Trade Volume Forecast to Hit US$4 billion
Trade turnover between Vietnam and Brazil in the first three quarters of 2015 reached an estimated US$2.72 billion, a year-on-year rise of 20.8 percent, reported the General Department of Customs.
Of this, exports were valued at US$1.14 billion, up 9.7 percent and import turnover amounted to nearly US$1.58 billion, up 30.3 percent.
With the growth impetus, the bilateral trade turnover is expected to reach about US$4 billion in 2015.
Vietnam’s major export commodities to Brazil in the period seeing positive growth were telephones and its components (US$433.3 million, up 25 percent), computer and electronic devices (US$79.2 million, up 19 percent), machinery and other spare parts (US$61.3 million, up 6 percent), garments and textiles (US$55.3 million, up 11 percent).
Meanwhile, Vietnam mainly imported from Brazil corn seed (US$610.5 million, up 52.6 percent), cattle feed and materials (US$231.3 million, up 26.5 percent), materials for textiles, garments and footwear (US$143.9 million, up 23.7 percent), cotton of all kinds (US$86.9 million, up 138 percent) and soybean (US$220.8 million, up 18.6 percent).
Aiming to respond to changes and strive to fulfill the set export target, the Vietnam Trade Office in Brazil prioritized resources to carry out trade promotion in key economic regions where production, distribution, import and export facilities are located and local residents have stable high incomes./.
CPV
Vietnamese
