Vietnam-Brazil trade exchange expected to reach USD4 billion in 2015

Producing automobile and motorbike components. (Photo: VNA)

According to the Export-Import Department under the Ministry of Industry and Trade, the export growth between the two countries remains high thanks to Vietnam’s position in some markets combined with effective trade promotion activities.

Producing automobile and motorbike components. (Photo: VNA)

In 2014, Vietnam’s major export commodities to Brazil were electronics, mobile phones and spare parts, footwear, frozen fish fillets and synthetic fibre. Meanwhile, the country imported maize, soy bean and by-products, cotton, footwear and tobacco materials from Brazil.

According to the General Department of Customs, Brazil is Vietnam’s largest trading partner in Latin America. The two-way trade last year reached USD3.35 billion.

The bilateral trade turnover is forecast to climb up around USD9-10 billion by 2020./.

Hoang Quan

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