VN-Singapore trade turnover up 20%

17:07 | 21/01/2015

VGP – Viet Nam-Singapore trade turnover reached SGD20.4 billion (US$15.6 billion) in 2014, up 20.3% compared to the previous year.

Illustration photo

Viet Nam earned SGD4.05 billion (US$3.1 billion) from exporting to Singapore, up 22.4%.

The exports of phones, electronics and spare parts took the lead with SGD1.32 billion, up 21.5%, followed by machines and equipment

with SGD473 million and crude oil with SGD460 million, up 25.9% and 26.8%, respectively.

Viet Nam’s import turnover from Singapore saw an increase of 20.1%, obtaining SGD16.34 billion (US$12.75 billion).

Singapore’s five largest export items to Viet Nam included phones, electronics and spare parts SGD4.59 billion, up 26.5%, oil SGD3.7 billion, up 25%, machines and equipment SGD1.76 billion, up 13.2%, plastics SGD1 billion, up 16.7% and magazines, photos and printed products SGD907 million, up 22.4%.

By Thuy Dung