Singapore’s imports from Viet Nam increasing
VGP - According to International Enterprise (IE) Singapore, Singapore’s cumulative imports from Viet Nam in the first seven months of this year reached almost (US$1.4 billion), an increase of 15.7% over the same period last year.
Among the key imports from Viet Nam, electrical machinery and sound recorders made the highest value of SGD 627.8 million; followed by machinery appliances (nearly SGD 217 million) and glass and glassware (SGD 162.6 million).
The IE Singapore also reports that Singapore’s cumulative exports to Viet Nam in seven months were valued at nearly SGD 7.8 billion, equivalent to that of the corresponding period last year. Domestic exports to Viet Nam almost reached SGD 3.54 billion and re-exports, SGD 4.3 billion.
Of Singapore’s exports to Viet Nam, electrical machinery recorded the highest value (nearly SGD 2.2 billion) and also the biggest increase over the same period last year (118%).
Topping Singapore’s domestic exports to Viet Nam in the first seven months was mineral fuel oils, waxes and products (over SGD 1.35 billion); followed by printed books, newspapers and products of printing industry (about SGD 395 million) and electrical machinery (about SGD 386 million).
Two-way trade between Viet Nam and Singapore in 2012 was recorded at 15.8 billion SGD, of which imports from Viet Nam valued at 2.8 billion SGD and exports to Viet Nam, 12.9 billion SGD./.
VNA
