First 8 months of 2014, two-way trade turnover between Vietnam and Brazil reached USD 2,005 billion. In which, the export value of Vietnam to Brazil reached 909.8 million, up 31.6% over the same period; imports reached 1,095 million, up 42.9% over the same period.
CongThuong – One of the main export items of Vietnam to Brazil with high growth rates include: Woven Fiber types increased 104%; phones and components increased 132%; bags, suitcases, hats, umbrellas increased 36.4%; textiles increased by 36.3%; vehicles increased by 29.6%; fisheries by 20.9% …
Besides, Brazil is one of the important markets for imported raw materials for production of Vietnam. 8 months of the year, imports of maize grain increased by 1.591%; soybean 259.3 million; animal feed increased by 17%; wood and wood products increased by 41.6%; textile materials, leather and footwear increased by 116%.
If the measures of trade promotion, market expansion is fully implemented, the prospects of bilateral trade turnover Vietnam-Brazil may be the first time exceeded $ 3 billion in 2014.