Vietnam’s exports to Mexico reached US$482.81 million in October, marking a robust increase of 14.65 percent compared to September. Year-to-date exports to Mexico totalled US$4.57 billion, according to Vietnam’s General Department of Customs.
Telephones and mobile phones remained the largest export category, contributing US$98.03 million, up 12.11 percent month-on-month. Other products followed with US$84.41 million, although this reflected a significant decline of 29.31 percent. Computers, electrical products, and spare parts grew by 70.95 percent, reaching US$78.23 million, while machinery, equipment, tools, and instruments increased by 14.87 percent to US$62.44 million.
Footwear exports more than doubled, surging by 104.61 percent to US$64.16 million. Exports of toys and sports requisites nearly doubled as well, rising by 98.71 percent to US$10.15 million. Plastic products increased by 39.38 percent to US$7.89 million, and wood and wooden products grew by 36.30 percent to US$6.32 million.
Conversely, some categories experienced declines. Fishery products fell by 16.25 percent to US$7.11 million, and coffee exports dropped by 34.05 percent to US$1.87 million.
The sharp increases in key categories such as footwear, toys, and electronics highlight Vietnam’s strengthening trade relationship with Mexico, despite declines in specific sectors like coffee and fishery products.
See also: Trade in Vietnam
Vietnam’s exports to Mexico, October vs. September 2024, US$
October | September | MoM | YTD | |
Total | 482,807,564 | 421,099,461 | 14.65% | 4,568,682,313 |
Telephones, mobile phones and parts thereof | 98,026,375 | 87,441,563 | 12.11% | 1,021,573,414 |
Other products | 84,411,875 | 119,414,114 | -29.31% | 1,012,218,619 |
Computers, electrical products, spare-parts and | 78,229,496 | 47,507,663 | 64.67% | 645,929,993 |
Machine, equipment, tools and instruments | 62,440,647 | 54,357,234 | 14.87% | 637,443,943 |
Foot-wears | 64,160,429 | 31,357,864 | 104.61% | 422,230,877 |
Other means of transportation, parts and | 43,050,124 | 36,599,454 | 17.63% | 344,768,166 |
Textiles and garments | 15,593,483 | 15,070,269 | 3.47% | 173,767,913 |
Toys and sports requisites; parts and accessories | 10,153,635 | 5,109,781 | 98.71% | 92,195,333 |
Fishery products | 7,113,738 | 8,494,305 | -16.25% | 86,957,807 |
Plastic products | 7,889,079 | 5,659,966 | 39.38% | 53,407,207 |
Wood and wooden products | 6,324,857 | 4,640,351 | 36.30% | 39,042,601 |
Handbags, purses, suit-cases, headgear and | 2,943,400 | 2,208,630 | 33.27% | 27,419,475 |
Coffee | 1,869,034 | 2,833,804 | -34.05% | 7,199,359 |
Rubber | 601,393 | 404,462 | 48.69% | 4,527,605 |