Vietnam’s exports to Canada in the period were valued at 2.399 billion USD, a 31.4-percent increase year on year, while Canada exported 416 million USD worth of goods to Vietnam, up 41.2 percent. Vietnam recorded a trade surplus of 1,983 billion USD with Canada.
Vietnam’s key export goods to Canada are wooden products, clothing, footwear, seafood, printers, electric cables, telephones, telecom equipment, coffee, cashew, transport vehicles and spare parts, rubber, plastic products, vegetables and fruits.
Cashew export processing in Binh Duong ( Source: VNA)
Meanwhile , Canadian exports to Vietnam are mainly goods used for manufacturing or products Vietnam cannot be produced such as fertiliser, seafood, soybean, wheat, iron and steel products, diamond, animal leather, machinery, artificial rubber, plastic materials, pharmaceuticals, beef, milk products, zinc and zinc alloys, vehicles and spare parts, nickel and aluminium.
Over the past time, due to the depreciation of the Canadian dollar (CAD), if caculating CAD value, the growth rate of Vietnam – Canada bilateral trade reach an impressive number.
Specifically, in the first 3 quarters of the year, Canadian exports to Vietnam reached nearly 523 million CAD, increased 62.5% over the same period last year; Canadian imports from Vietnam were valued 3.026 billion CAD, up 51.6% over the same period.
Source: www.vietnamplus.vn
