The Vietnam Trade Office (VTO) in Brazil has reported total two-way trade turnover between Vietnam and Brazil hit US$1.76 billion in 2012, 14.5 percent higher than the same period last year.

The value of Vietnamese exports to Brazil has increased 18.9 percent to US$710 million against 2011, while imports from Brazil rose 11.9 percent to US1.05 billion.

Vietnamese export commodities that enjoyed remarkable growth included telephones and associated parts (141.5 percent), footwear (95.2 percent), machines and accessories (54.5 percent), and garments and textiles (22.7 percent).

Its main Brazilian imports spanned cattle feed, cotton, tobacco, and garment and footwear materials.

The VTO estimates the bilateral trade revenue will surpass US$2 billion in 2013, with Vietnamese exports climbing to US$800 million.

Source: VOV