April 13, 2017 | 21:25 (GMT+7)
Vietnam still runs trade surplus with Canada
Vietnam still recorded a trade surplus of USD 455.5 million with Canada in the first two months of this year. Two-way trade reached USD 717.7 million, a year-on-year rise of 117 percent.
Canada’s exports to Vietnam surged unexpectedly in January – February, according to Trade Counselor of the Vietnamese Embassy in Canada Hoang Anh Dung.
The country exported USD 131.1 million worth of goods to Vietnam in the period, representing a year-on-year rise of 105.4 percent.
High growth was seen in such commodities as coal (USD 38.3 million, up 52.7 percent), cereals (USD 38 million, up 1.1 percent), and flight training equipment and spare parts (USD 6.8 million, up 3.7 percent).
Meanwhile, Vietnam exported USD 586.6 million worth of goods to Canada, a yearly increase of 6.6 percent.
Vietnam’s staples include machines, electronic equipment (USD 147.7 million), footwear (USD 79.6 million), apparel products (USD 63.6 million), woven products (USD 61.2 million), and timber products (USD 46.6 million).
With this outcome, Vietnam maintained its leading position in ASEAN in terms of export turnover to Canada.
Source: VNA