Vietnam-Brazil trade reaches over US$1.4 billion

Two-way trade between Vietnam and Brazil in 2011 hit more than US$1.4 billion, up 53.8 percent from a year earlier, according to the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC).

This is the first time the two-way trade performance has exceeded US$1 billion. Brazil exported goods worth US$794 million to Vietnam and imported commodities valued at US$647 million from Vietnam.

Brazil’s key export items to Vietnam included soya beans, cotton, tobacco materials, corn, and iron. Meanwhile, Vietnam exported to Latin America’s largest economy footwear, frozen fish fillets, printer, rubber, fabric, cement, headphones, automobile tyres, electric engines etc.

According to statistics from MDIC, Vietnam-Brazil two-way trade has increased considerably since 2000, exceeding  US$100 million for the first time in 2005 and US$937 million in 2010. – VOV

Tags: Vietnam Brazil trade

Posted by VBN on Feb 7 2012. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry