Home » Trade » Vietnam-Bangladesh trade down 18.9 percent

The GeneraVietnam-Bangladesh trade down 18.9 percentl Department of Customs has reported bilateral trade value between Vietnam and Bangladesh fell to nearly US$390 million in 2012, a year-on-year decrease of 18.9 percent.

Vietnam’s exports totaled US$353 million, down 20 percent from 2011, while its imports also declined 11.7 percent from the previous year to US$35.4 million.

The highest valued export commodities included clinker with a total 2012 revenue of US$205 million (an 860 percent surge on 2011), followed by fibres, textiles, iron, and steel products.

The fall in the earnings of exports to Bangladesh is primarily due to Vietnam halting rice shipments to the market.

Some other commodities experiencing a decrease in export revenue included fabrics, machinery, and equipment and components.

Pharmaceutical imports (US$9.1 million) and chemical imports (US$6,6 million) both recorded turnover growth over the reviewed period.c

(VOV)

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