Two-way trade between Vietnam and Brazil in 2011 hit more than US$1.4 billion, up 53.8 percent from a year earlier, according to the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC).
This is the first time the two-way trade performance has exceeded US$1 billion. Brazil exported goods worth US$794 million to Vietnam and imported commodities valued at US$647 million from Vietnam.
Brazil’s key export items to Vietnam included soya beans, cotton, tobacco materials, corn, and iron. Meanwhile, Vietnam exported to Latin America’s largest economy footwear, frozen fish fillets, printer, rubber, fabric, cement, headphones, automobile tyres, electric engines etc.
According to statistics from MDIC, Vietnam-Brazil two-way trade has increased considerably since 2000, exceeding US$100 million for the first time in 2005 and US$937 million in 2010.