Trade between Vietnam and Brazil has been surging recently, with their two-way trade value marking an increase of 12.9 percent to 118.9 million USD in the first quarter of the year.
The figure included Vietnam’s export earnings of 46.98 million USD, representing a year-on-year rise of 28.9 percent, the Brazilian Ministry of Development, Industry and Foreign Trade has said.
The Southeast Asian country shipped mostly footwear, fibre, bike tires, and garment bags to Brazil, renowned as the largest economy in Latin America.
In the reviewed period, Vietnam imported maize, soyabean oil, frozen chicken and beef, timber, tobacco, cotton and cow skin from Brazil valued at around 71.7 million USD, which showed a slight increase of 4.4 percent over the same time last year.
In 2008, Vietnam and Brazil traded 534.595 million USD, a surge of 65.3 percent from 2007./.