Vietnam’s exports to Brazil up 5.72 percent

Vietnam’s exports to Brazil topped US$80 million in the first half of 2009, an annual increase of 5.72 percent, though Brazil’s imports have been reduced under the impact of the global financial crisis.

Vietnam’s main staples exported to the Latin American country comprise footwear, fibre, printers, rubber, bags and bicycle tyres, according to the Brazilian Ministry for Development, Industry and Trade.

Brazil’s exports to Vietnam, mainly corn, by-products made of soybean oil, beef, chicken and chicken by-products, wood powder, timber, cigarette materials, cotton, soybean oil and cowhide, shrank by 14.4 percent to nearly US$172 million.

In the first six months of this year, bilateral trade between Vietnam and Brazil slid by 8.9 percent to close to US$252 million.

In 2008, the two-way trade hit nearly US$534.6 million, a year-on-year rise of 65.3 percent from 2007.

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