Vietnam-India trade exceeds $13 billion

The Vietnam Trade Office in India cited data from the General Department of Vietnam Customs, saying that Vietnam exported $6.25 billion worth of goods in the year, up 20 percent year-on-year; while India’s figure $6.95 billion, up 56 percent.

Vietnam’s main exports to India in December last year were metals ($79.3 million); computers, electronic products and components ($78.8 million), phones and components ($76.7 million), other goods ($75.2 million), machinery, equipment, tools and spare parts ($49.8 million). Those that recorded strong growth included pepper (up 101 percent), coffee (up 90 percent), and rubber products (up 88 percent).

Plastic raw materials, chemicals, rubber, and coal were were Vietnamese items that witnessed the strongest growth in 2021, surging 231 percent, 162 percent and 138 percent, respectively.

Meanwhile, mobile phones and components continued to record the largest export turnover, hitting more than $1.28 billion, accounting for about 21 percent of Vietnam’s total export value to India, the department said. 

In December last year, India mainly exported steel, metals, cotton, and machinery and equipment to Vietnam, with a respective turnover of $116 million, $37 million, $35 million, and $31 million.

The steel export posted the largest turnover in the whole year, reaching nearly $1.4 billion, making up about 20 percent of the total export value of goods from India to Vietnam.

Source: VietnamPlus