Vietnam's trade with Pakistan set to grow this year (5/3)
05/03/2013 - 18 Lượt xem
The Department noted that two-way trade turnover between Vietnam and Pakistan has increased remarkably. Last year, export turnover reached US$174.8 million (up 3.8 percent on 2011) while import turnover hit $215.8 million (up 38 percent).
Last year's slow export growth stemmed from declines in some of Vietnam's key export items to Pakistan such as fabrics, pepper, cashew nuts, iron and steel, garments and textiles, and plastics.
Tea products accounted for $45.3 million of export turnover (up 39.3 percent), seafood $13.5 million (up 36.3 percent), and rubber $10.2 million (up 161.5 percent).
The sharp increase in import turnover came from the 53,854 tonnes of cotton imports, triple the quantity and over twice the value of the imports in 2011.
The Pakistani market has great demand for agricultural produce, food, consumer goods and mechanics, equipment and materials.
Pakistani consumers do not require strict quality standards, their comparatively low-income earning making price a more important factor.
Vietnamese consumer goods can meet these demands, but some analysts predict that political and economic instability in Pakistan will hinder Vietnamese businesses from increasing exports significantly.
Source: Vietnamnews
Last year's slow export growth stemmed from declines in some of Vietnam's key export items to Pakistan such as fabrics, pepper, cashew nuts, iron and steel, garments and textiles, and plastics.
Tea products accounted for $45.3 million of export turnover (up 39.3 percent), seafood $13.5 million (up 36.3 percent), and rubber $10.2 million (up 161.5 percent).
The sharp increase in import turnover came from the 53,854 tonnes of cotton imports, triple the quantity and over twice the value of the imports in 2011.
The Pakistani market has great demand for agricultural produce, food, consumer goods and mechanics, equipment and materials.
Pakistani consumers do not require strict quality standards, their comparatively low-income earning making price a more important factor.
Vietnamese consumer goods can meet these demands, but some analysts predict that political and economic instability in Pakistan will hinder Vietnamese businesses from increasing exports significantly.
Source: Vietnamnews
