Singapore’s imports from Vietnam continues increasing
According to International Enterprise (IE) Singapore, Singapore’s cumulative imports from Vietnam in the first seven months of this year reached almost 1.8 billion SGD (1.4 billion USD), an increase of 15.7 percent over the same period last year.
According to International Enterprise (IE) Singapore, Singapore’s cumulative imports from Vietnam in the first seven months of thisyear reached almost 1.8 billion SGD (1.4 billion USD), an increase of15.7 percent over the same period last year.
Among thekey imports from Vietnam, electrical machinery and sound recorders madethe highest value of 627.8 million SGD; followed by machinery appliances(nearly 217 million SGD) and glass and glassware (162.6 million SGD).
The IE Singapore also reports that Singapore’scumulative exports to Vietnam in seven months were valued at nearly7.8 billion SGD, equivalent to that of the corresponding period lastyear. Domestic exports to Vietnam almost reached 3.54 billion SGDand re-exports, 4.3 billion SGD.
Of Singapore’s exportsto Vietnam, electrical machinery recorded the highest value (nearly2.2 billion SGD) and also the biggest increase over the same periodlast year (118 percent).
Topping Singapore’s domesticexports to Vietnam in the first seven months was mineral fuel oils,waxes and products (over 1.35 billion SGD); followed by printed books,newspapers and products of printing industry (about 395 million SGD) andelectrical machinery (about 386 million SGD).
Two-way trade between Vietnam and Singapore in 2012 was recordedat 15.8 billion SGD, of which imports from Vietnam valued at 2.8billion SGD and exports to Vietnam, 12.9 billion SGD.-VNA
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