Agro-products exported to Brazil experienced strong growth

At the Consulting session on exporting to Brazil held by the Trade Promotion Agency (Ministry of Industry and Trade) on May 6, Mr. Ngo Xuan Ty, Head of Vietnam Trade Office in Brazil, stated that the export of many products from Vietnam increased sharply in the first 3 months of this year, in which agro-products such as seafood products reached $32.16 million, up 73%; rubber reached $6.85 million, up 66.81%; rattan, bamboo, sedge and carpet products reached $609.79 thousand, up 25.6% …

According to Ms. Nguyen Thi Thu Thuy, Deputy Director of the Export Promotion Center (Trade Promotion Agency), Brazil is the largest consumer market in South America with a population of up to 200 million people. On average, each year, Brazil imports more than $236 billion of goods; of which 30% of the imported goods come from Asia.

Currently, Brazil is Vietnam's largest trading partner in South America, while Vietnam is also Brazil's largest trading partner in Southeast Asia. However, the trade relationship between the two countries is still modest, Vietnam's export to this market only accounts for 1.4% of Brazil's import demand.

It is forecasted that in the coming time, the export of consumer goods to Brazil will increase when the quarantine measures, social distancing are completely removed and the vaccination campaign is carried out nationwide at a rapid rate with a high rate of vaccine coverage. Vietnam's products with export advantage can promote the development of the Brazilian market when consumer demand is very high while Brazil is not a difficult market.