January 16, 2019 | 20:37 (GMT+7)
Vietnam-India trade hits USD 10.69 billion in 2018
Two-way trade between Vietnam and India experienced a year-on-year rise of 40 percent to reach USD 10.69 billion in 2018, according to statistics released by the General Department of Vietnam Customs.
The increase was mainly due to the value of Vietnamese exports hitting USD 6.54 billion, up 74.2 percent against 2017.
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Photo for illustration: thoibaotaichinhvietnam.vn |
Among staples, machinery, equipment and parts recorded the strongest turnover with nearly USD 1.7 billion, up close to 427 percent year-on-year.
Mobile phones and parts came next at more than USD 814 million, up 49.16 percent, followed by computers, electronics and parts at USD 800 million, up 63.04 percent, and metal and metal-made products at nearly USD 578 million, up 23.49 percent.
Meanwhile, Vietnam imported USD 4.15 billion worth of goods from India, a year-on-year rise of 6.95 percent, mostly production materials and machinery and parts.
The two countries are working towards USD 15 billion in bilateral trade by 2020.
Source: VNA