
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%.
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 SGD23.2 billion (US$17.57 billion), up 6.83% year-on-year. Vietnam is Singapore's 10th largest export market and 18th biggest import partner.
VOV.VN - Two-way trade turnover between Vietnam and Singapore in August alone continued to enjoy positive growth, enabling eight-month export earnings of Vietnam to the city island nation to achieve remarkable growth of 31.1% over the same period from last year, according to the Vietnam Trade Office in Singapore.
VOV.VN - Vietnam retained its position as Singapore's 11th largest trading partner during the seven-month period, with two-way trade turnover reaching roughly SGD16.8 billion, a fall of 9.41% on-year, according to the Vietnam Trade Office in Singapore.
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