Viet Nam-Singapore trade hit 15.6 billion USD (20.4 billion SGD) in 2014, a 20.3% surge from 2013, according to the Singapore Department of Statistics.

Footwear manufacturing for export to Singapore

Viet Nam shipped its partner around 3.1 billion USD (4.05 billion SGD) worth of commodities, up 22.4%. Primary exports include telephones and electronics goods and components, which brought home 987 million USD (1.32 billion SGD) last year. Other key export products include minerals, coffee, tea, footwear, machines and crude oil.

Singapore’s export to Viet Nam also rose significantly, up 20.1% to 12.75 billion USD (16.34 billion SGD) last year. Domestic products comprised 5.46 billion USD (7.3 billion SGD), up 18.7%, with the remaining exports consisting of the sale of re-exports, up 21.2%.

Singapore mainly ships telephones, electronics goods and components, petroleum, plastic and plastic products, books, and photos to Viet Nam.