Computers and electronic components tend an increase in export to Brazil. With the population of more than 185 million people, above-average per capita income, majority of people having low income, reasonable requirements on goods quality and price, Brazil is considered as a huge market which has enormous potential. This opens up opportunities for Vietnam exports.

Vietnam’s Ministry of Industry stated trade relations between Vietnam and Brazil had improved ceaselessly in the recent time. The 2006’s total turn-over of export and import between two countries reached 204.5 million US Dollars, increasing 91.5 million US Dollars in comparison with the 2005’s, a 80.4% improvement on the 2005’s total turn-over, in which, the Vietnam’s exporting turn-over to Brazil reached 75.552 million US Dollars, a 118.1% increase.

In particular, the total bilateral trading turn-over between Vietnam and Brazil of the first six months of 2007 reached 124.52 million US Dollars, in which, the Vietnam’s exporting turn-over to Brazil reached 43.42 million US Dollars, an increase of 31.5% year on year. Imports from Brazil reached 81.10 million US Dollars, an increase of 61.62% year on year.

In 2006, the top leading of Vietnam’s exports to Brazil are footwear getting 25.9 million US Dollars (accounting for 42%); next to coal getting 5.2 million US Dollars (accounting for 8.4%); rubber getting 4.6 million US Dollars (accounting for 7.4%); garments and textile products getting 3.8 million US Dollars (accounting for 6.2%); computers, electronic components and products getting 2 million US Dollars (accounting for 4.6%); vegetables getting 1.8 million US Dollars (accounting for 3%); handbags, suitcases, hats, and umbrellas getting 1.5 million US Dollars (accounting for 2.5%).

Each type of other products only reaches the turn-over less than 1 million US Dollar. All of them make up 25.9%; in which, bamboo, rattan, sedge, and matting make up 1.4%; kids’ toys make up 0.8%; pottery and china 0.5%; bicycle components 0.5%; coffee 0.2%; wooden furniture 0.4%. Several products tend to improve quickly are footwear, computers, electronic components, garment and textile products.

According to Vietnam Trade Promotion Mission in Brazil, although Vietnam’s exporting turn-over in 2006 increases rapidly, it accounts for only 0.08% the total value of Brazil’s imports. This shows that the market share of Vietnam’s exports in Brazil is still modest. Vietnam Trade Promotion Mission in Brazil also thinks that it is high time to start breaking through in Brazil’s market in particular and South America in general with new items such as aquatic products, consumer goods, and devices with high industrial elements in common with boosting popular exports, such as footwear, garment and textile products, handicrafts, and materials.