Electronics and spare parts are among Vietnam’s major exports to India. (Photo: cafeF)Hanoi (VNA) – Vietnam’sexport turnover to Indiain the first nine months of 2018 hit 5.1 billion USD, according to preliminarystatistics released by the General Department of Vietnam Customs.
The figure made up 2.8 percent of thecountry’s total export value and represented a year-on-year increase of 88.34percent.
India was one of Vietnam’s three export markets posting thehighest growth, totalling more than 20 percent during January-September, alongwith China and the Republic of Korea (RoK), the department said.
Vietnam mainly exportedindustrial and agricultural products to India, of which machines, equipmentand tools and spare parts brought home most with 1.4 billion USD, accountingfor 28.6 percent of the total and up nearly 5.9 times compared with the sameperiod last year.
Recently, India hasimported rattan products and carpets from Vietnam at a rapid pace, up 15.9times.
Staples with export growth exceeding 100 percent included steel andplastic products, transport means and spare parts.
The twocountries have set a target of 15 billion USD in bilateral trade by 2020.-VNA
VNA
