Mexico and Vietnam’s trade relationship remains stable, having recorded a 4.73 percent growth over 2008 despite the effects of the global economic crisis.
According to the Ministry of the Economy and the Mexican Central Bank on April 19, the trade turnover between two countries last year reached almost 716 million USD, of which Vietnamese exports hit over 600 million USD.
The most popular Vietnamese goods in the Mexican market are garments, footwear, seafood, machinery and wooden furniture while Vietnam mainly imports chemicals, electronic components, pharmaceuticals and steel from Mexico.
In 2009, the Mexican economy decreased considerably in almost every sector, especially tourism. At present, America is still Mexico’s largest export market, followed by Canada, Germans and Spain. It is forecasted that the country’s economy will see a growth of 2.5-3.5 percent this year./.