Viet Nam exports to Venezuela on the increase

Tuesday, Mar 04, 2014 08:00

HA NOI (Biz Hub) — Viet Nam's exports to Venezuela grew for another consecutive year despite its modest value, according to the Ministry of Industry and Trade.

Last year, Viet Nam exported US$27 million worth of goods to Venezuela, up 1.2 per cent year-on-year. Among Viet Nam's key export items are machinery, equipment and tools, footwear and garments. Rubber is also among the large goods exported to Venezuela.

During the period, Viet Nam also spent $1.15 million to import goods that include raw materials for the garment and footwear sector, rubber, machinery and equipment, as well as tools. — VNS

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