VN exports to Singapore record unexpected rise

Viet Nam's exports to Singapore spiked 23 per cent to SGD1.237 billion (US$965 million) over the first five months of this year.

According to Statistics Singapore, four major product groups recorded export values exceeding SGD100 million ($78 million) – machinery, equipment and tools; phones and spare parts; paper and paper products; plus glass and glass products.

Rice and seafood exports were also higher than last year's figures.

Viet Nam's imports from Singapore fell 2 per cent to SGD5.431 billion ($4.236 billion) during the Jan-May period.

Viet Nam primarily imports petroleum and related products; machinery, equipment and tools; paper and industrial products; as well as plastics from the country.

Two-way trade turnover totalled SGD15.8 billion ($12.3 billion) last year, of which SGD2 billion ($1.56 billion) came from Vietnamese exports.

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