Export to Mexico hits record high in 10 years

Vietnam’s export turnover to Mexico reached nearly USD1.3 billion (Free on Board - FOB price) in the first ten months of 2015, soaring 47.98 percent compared to the same period last year, the highest increase in the past 10 years, according to the trade office of the Vietnamese Embassy in Mexico.

Photo for Illustration (Pho to: Thai Thien)

In the previewed period, Vietnam imported over USD401 million (Cos, Insurance, Freight – CIF price) worth of products from the second largest Latin American economy, up 95.14 percent against a year earlier.

Total bilateral trade in the last 10 months reached nearly USD1.7 billion, an increase of 57.02 percent year-on-year.

Vietnam enjoyed a trade surplus of USD891 million in the period, up
33.39 percent year-on-year.

Vietnam’s export to Mexico is expected to hit USD1.5 billion in 2015, a rise of 44.78 percent, while its import from the market is estimated at USD487 million, bringing two-way trade to USD1.98 billion, 52.3 percent higher than 2014.

Commercial Counselor Hoang Tuan Viet attributed the high export growth to promotion efforts by domestic enterprises, trade associations and representative agencies abroad.

(Source: CPV)