Seven strategic directions to lead the nation into a new era WB, Switzerland help boost Viet Nam’s sustainable urban development Finance ministry proposes extending environmental tax cut on fuel products in 2025 Workshop looks to address environmental management issues in industrial areas PM visits President Ho Chi Minh relic site in Kunming

Vietnam's exports to Singapore maintain high growth

11:36 | 24/10/2024 Trade Follow Ven.vn on
Singapore – Vietnam's exports to Singapore surged by 35.23% in September, maintaining a high year-on-year growth rate in the first nine months of 2024, at 31.55%.
Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)
Last month, all three main export commodity groups of Vietnam to Singapore continued to increase strongly. Specifically, the shipments of machinery, equipment, mobile phones, components and spare parts expanded 18.54%; reactors, boilers, machine tools and spare parts 160%; and petroleum and petroleum products 962%.

Meanwhile, imports from Singapore to Vietnam fell sharply compared to the same period in 2023 in three important groups of machinery, equipment, mobile phones, components and spare parts (down 28.36%); reactors, boilers, machine tools and spare parts (3.29%); and petroleum and petroleum products (41.52%) .

In the nine months, Vietnam remained Singapore's 12th largest trading partner, with two-way trade reaching more than 23.2 billion SGD (17.57 billion USD), up 6.83% year-on-year. Vietnam is Singapore's 10th largest export market and 18th biggest import partner./.

Source: VNA

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