HANSOI : The Two-way commerce between Vietnam and India noticed a yearly improve of 13.6% to US$15.05 billion in 2022, the Vietnam Information Company (VNA) quoted statistics from the Basic Division of Customs as saying.
Through the 12 months, Vietnam’s exports to India topped $7.96 billion, up 26.8% year-on-year. Amongst its export gadgets, cellphones and equipment posted the best turnover with $1.52 billion, up 18.4%, making up almost 20% of the whole export worth. Computer systems, electronics and elements got here subsequent with $1.03 billion, up 25%, whereas equipment and tools ranked third with $804 million or over 10%.
Different staples with the best worth improve have been espresso with 165%, iron and metal (97%) and footwear (96%).
Some gadgets, nevertheless, posted massive decreases in export worth, similar to animal feed and uncooked supplies with $23.04 million, down 76.5%, and coal with $7.68 million, down 46%.
As per the information, Vietnam imported $7.09 billion price of products from India final 12 months, a yearly hike of two%. Its main import commodities from the market have been iron and metal, with almost $775 million, equipment and tools ($549.3 million) and bizarre metals ($515 million).
Apart from commerce, bilateral cooperation in tourism and funding additionally grew with the resumption and launch of direct air routes.