Vietnam-Indonesia trade shoots up in first half

Bilateral trade turnover between Vietnam and Indonesia increased by 37.7 percent in the first half of the year to US$1.94 billion, said officials.

Statistics released by the Trade Mission of the Vietnamese Embassy and the Indonesia Chamber of Commerce and Industry, show that Vietnam’s exports reached US$948.45 million, representing a year-on-year rise of 50.55 percent.

The export of rice, vegetables, rubber, steel and iron and chemical products recorded the highest increases, while the export of vehicles and spare parts, coal and coffee decreased.

In the reviewed period, Vietnam imported US$998.78 million worth of goods from Indonesia, up 27.52 percent year on year, mainly completely-built automobiles, metals, pharmaceuticals, cattle feed and materials, and cottons.

According to the bureau, two-way trade between Vietnam is expected to reach US$3.5 billion in 2011. – VOV

Tags: Vietnam Indonesia trade

Posted by VBN on Jul 12 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry