VNEconomyNews.com - Vietnam’s exports to Mexico have increased considerably, even though the two countries have not signed a bilateral trade agreement.

Mexico has offered favourable conditions for Vietnamese goods to penetrate its market in recent years, and statistics show that revenues from exports to the North American country reached US$488.82 million in 2010, 36.13 percent over 2009.

Vietnam earned US$310.26 million from exports to Mexico in the first seven months of 2011, a 23.59 percent increase over the same period last year.

Footwear, the major export to this market, posted a turnover of US$138.39 million in the first seven months of 2011, up 39.89 percent from last year's period. Shoes and sandals made up 44.6 percent of Vietnam’s exports to Mexico.

Seafood ranked second with a turnover of US$54.37 million in the first seven months of the year, and textiles and garments were third, accounting for 14.27 percent of Vietnam’s total revenues from exports to Mexico.

August 21, 2011

Source: vneconomynews.com

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