Structure of Viet Nam's exports to Singapore stable
The two-way trade turnover between Viet Nam and Singapore is estimated at 1.3 billion USD in the first two months of 2022, up 6.3 percent year-on-year.
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| Assembling phone components at Diem Thuy industrial zone in Thai Nguyen province. (Photo: VNA) |
According to the Ministry of Industry and Trade, over the past time, the structure of Vietnam's exports to the Singaporean market is relatively stable with numerous items earning high turnover, such as computers, electronic products and components, means of transport and spare parts, phones and accessories, and glass and glass products.
In addition, agricultural and aquatic products are potential commodities that Viet Nam has strengths to promote its export to Singapore.
Viet Nam is currently Singapore’s fourth biggest exporter of aquatic products, accounting for 12 percent of the country’s total import of this group of commodities.
Meanwhile, Viet Nam mainly imports machinery, equipment, tools, spare parts, computers, electronic products, chemicals, and cosmetics from Singapore. In January-February, the import value was estimated at 643 million USD, down 2.3 percent year-on-year.
(Source: VNA)
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