2010 exports to Latin America tipped to earn $1.8 billion

The Industry and Trade Ministry estimates revenue from Viet Nam’s exports to Latin America this year at US$1.8 billion, a year-on-year increase of 40.6 per cent.

Bilateral trade turnover is expected to total $3.5 billion.

The ministry attributes the increase to the continuing recovery of the world economy.

Footwear exports are forecast to reach $325.5 million or as much as 25 per cent of all export revenue earned in Latin America.

Garments and textiles are also key exports earning more than $100 million each year.

Aquaculture produce, especially tra and basa fish, have become a favourite food in countries such as Mexico, Brazil and Columbia and earned millions of dollars.

Other popular exports to Latin America are electronic goods, cement, steel, and timber-based products.

Viet Nam trades with 33 nations and territories in Latin America.

In 1990, bilateral turnover between Viet Nam and the region was totalled in tens of millions. It increased to $145 million in 2000 and $2.4 billion in 2009. – VNS

Tags: Vietnam export turnover, Vietnam exports