Vietnam enjoys trade surplus with India

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Total trade turnover between the two countries during the eight-month period inched up 1.23% to US$3.47 billion, including US$1.76 billion (up 7.6%) for Vietnam’s exports and US$1.7 billion (down 4.4%) for its imports. 

Photo: VOV

Export items witnessing sharp increases in export turnover included tea, cashew nuts, metal, apparel and footwear materials, and coffee.

It is worth noting that garment exports in August tripled to US$7.22 million compared to July, lifting total export revenue for eight months to US$22.81 million.

However, exports of some products dipped, for example coal, confectionery, cereal products, material plastics, telephones and components.

Additionally, Vietnam bolstered import turnover of fruit and vegetables, gemstones, precious metal, computers and components and steel products from India while reducing imports of plant and animal oil, animal feed and fertilizer.

Especially, the country has no longer imported corn from India for the past few months due to its failure to compete with other nations in prices.