Vietnam, Mexico trade flourishes

Mexico City, October 5 (VNA) – Soaring shipments from Vietnam into Mexico led to a hike in bilateral trade revenue within the first eight months of 2015. According to the Vietnam Embassy’s Trade Office in Mexico, the eight-month turnover hit 1.32 billion USD, an annual climb of 51 percent. During the period, Vietnam exported nearly 1.07 billion USD worth of commodities to Mexico, up 38 percent year on year. The former also imported goods valued at 320.94 million USD from the latter, increasing 215 percent from the 149 million USD seen in 2014. Income from phones and components captured the lion’s share of the Vietnamese export revenue breakdown with 38.48 percent or 384.88 million USD, followed by footwear, computer/electronic devices, garment-textiles, vehicles and spare parts, fisheries products and machinery. Meanwhile, Vietnam mainly consumed electronic equipment, iron and steel, and animal feed from Mexico. Transactions made in September are expected to add 166 million USD to the bilateral trade revenue. In 2014, trade turnover between the two nations hit 2.26 billion USD, climbing 40 percent from 2013, reported the Mexican central bank and economics ministry./.