India being Vietnam’s 10th largest trade partner

Two-way trade turnover between Vietnam and India reached US$2.246 billion in the first five months of this year, up 47.1 percent against the same period last year.

Two-way trade turnover between Vietnam and India reached US$2.246 billion in the first five months of this year, up 47.1 percent against the same period last year.

According to the Vietnam Trade Office in India, Vietnam’s exports to India hit US$1.021 billion, (up 72.6%) and its imports were estimated at US$1.225 billion, (up 31 %), bringing the country’s trade deficit down by 40.6 percent to US$203.8 billion.

Five key items exported to India were telephones and components (up 323% to US$511 million), computers, electronic products and components (up 58.8% to US$79.7 million), machinery, equipment and tools (down 29.8% to US$69.5 million), natural rubber (down 12.8% to US$40.5 million) and coffee (up 39.7% to US$35.4 million).

Five key products imported from India were animal food and materials (up 37.3% to US$237.7 million), corn (up 19.9% to US$202 million), cotton (up 109% to US$115 million), steel (up 353% to US$104 million) and pharmaceuticals (up 4.4% to US$97.5 million).