Two-way trade turnover between Viet Nam and Brazil in 2012 reached nearly US$1.64 billion, an increase of 13.8 per cent from 2011, according to Brazil’s Ministry of Development, Industry and Foreign Trade.
In 2012, Viet Nam earned $817.2 million from exports to Brazil, up 26.3 per cent from 2011, and imported 822.6 million worth of commodities from the country, a year-on-year increase of 3.6 per cent.
Viet Nam exported footwear, fish fillets, printers, chip sets and rubber to Latin America ’s largest economy while importing soybean products, cotton, tobacco, corn and timber.
The trade recorded the positive development despite 5.26 per cent and 1.37 per cent decreases in Brazil’s 2012 total export and import values ($242.58 billion and $223.15 billion), respectively, due to the global economic downturn.
It has seen constant growth since 2000, in particular the first-ever turnover of more than $1 billion in 2011, the Brazilian ministry’s statistics showed./.