Vietnam's exports to Singapore record unexpected rise

Vietnam's exports to Singapore spiked 23 percent to SGD 1.237 billion SGD (US$ 965 million)  over the first five months of this year.

According to Statistics Singapore, four major product groups recorded export values exceeding SGD 100 million (US$ 78 million) – machinery, equipment and tools; phones and spare parts; paper and paper products; plus glass and glass products.

Rice and seafood exports were also higher than last year's figures.

Vietnam's imports from Singapore fell 2 percent to SGD 5.431 billion (US$ 4.236 billion) during the Jan-May period.

Vietnam primarily imports petroleum and related products; machinery, equipment and tools; paper and industrial products; as well as plastics from the country.

Two-way trade turnover totalled SGD15.8 billion  (USD12.3 billion last year, of which SGD 2 billion  (US$ 1.56 billion) came from Vietnamese exports

Source: VNA

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