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Vietnam’s exports to Brazil grow 9 percent in October, boosted by tech and rubber products

Vietnam’s exports to Brazil reached US$233.25 million in October, marking a 9.07 percent increase from September, according to recent trade data. This growth highlights Brazil’s importance as a key market for Vietnamese goods, according to Vietnam’s General Department of Customs.

Telephones, mobile phones, and their parts were the top export, valued at US$54.53 million for October, contributing significantly to the year-to-date total of US$539.27 million. Computers, electrical products, and spare parts also performed strongly, growing by 50.98 percent month-on-month (MoM) to US$36.40 million.

Rubber exports saw remarkable growth, rising 56.71 percent MoM to US$2.57 million. Rubber products also increased 43.64 percent to US$2.78 million. These gains underline growing demand for Vietnamese rubber in Brazil.

Meanwhile, footwear exports reached US$18.46 million, up 35.07 percent MoM, contributing to a year-to-date total of US$149.52 million. Textiles and garments also rose by 16.67 percent MoM, indicating sustained interest in Vietnam’s apparel sector.

However, some categories faced declines. Exports of textile, leather, and footwear materials dropped by 37.60 percent, while shipments of iron and steel fell 34.65 percent to US$14.96 million.

Cumulatively, Vietnam’s exports to Brazil have totalled US$2.23 billion year-to-date, driven by consistent demand for tech products, machinery, and rubber. The trade partnership continues to strengthen, positioning Brazil as one of Vietnam’s significant export markets in South America.

See also: Vietnam Trade: Everything You Need to Know

Vietnam’s exports to Brazil, October vs. September 2024

Vietnam’s exports to Brazil October September MoM YTD
Total 233,247,455 213,845,418 9.07% 2,225,886,013
Other 334,433 135,063 147.61% 2,706,084
Computers, electrical products, spare-parts and 36,395,343 24,106,769 50.98% 288,718,934
Fishery products 15,304,824 12,019,824 27.33% 103,641,703
Footwear 18,457,785 13,665,462 35.07% 149,519,870
Furnitures of other materials, other than of wood 42,469 -100.00% 394,901
Handbags, purses, suit-cases, headgear and 3,600,106 2,804,033 28.39% 27,725,052
Iron and steel 14,960,703 22,892,374 -34.65% 195,777,835
Iron and steel products 697,242 493,371 41.32% 13,693,670
Machine, equipment, tools and instruments 19,151,380 20,291,667 -5.62% 194,596,526
Other base metals and other base metal products 3,208,795 2,162,512 48.38% 23,252,722
Other means of transportation, parts and 25,980,958 27,218,033 -4.55% 300,141,986
Other products 21,103,136 18,358,283 14.95% 214,858,775
Rubber 2,570,907 1,640,581 56.71% 21,169,252
Rubber products 2,780,943 1,935,995 43.64% 23,970,596
Telephones, mobile phones and parts thereof 54,525,725 53,390,087 2.13% 539,271,490
Textile, leather and foot-wear materials and 145,323 232,883 -37.60% 2,129,261
Textiles and garments 6,306,258 5,405,417 16.67% 55,797,297
Toys and sports requisites; parts and accessories thereof 1,749,384 1,313,926 33.14% 15,803,606
Tyre cord fabrics and other fabrics for technical 866,715 576,872 50.24% 7,794,044
Yarn 5,107,495 5,159,797 -1.01% 44,922,409