Sunday, August 20,2017 - 7:2 GMT+7  Việt Nam EngLish 

Vietnam’s exports to Russia expected to rise 

 Friday, April 21,2017

The bilateral trade exchange between Vietnam and Russia has been developing ceaselessly.

Last year, the total trade exchange between the two countries reached over $ 2.74 billion, up by 25.6 per cent year – on – year. Of the figure, the country exported $ 1.61 billion worth of goods to and importee $ 1.125 billion worth of goods from Russia.
Vietnam exported to Russia mostly cell phones and accessories; footwear of all kinds; clothes; coffee and seafood; and imported from Russia coal, iron and steel and autos. The two way trade between Vietnam and Russia is expected to reach $ 10 billion in 2020.
In the first quarter of 2017, the country’s exports of goods to Russia hit $ 416.7 million, up by 23.2 per cent over the same period of 2016. Cell phones and accessories were leading the list of items exported by the country to Russia in the period with $ 202.5 million, up by 29.2 per cent year – on – year and accounted for 48.6 per cent of the total. It was followed by textiles and garments - $ 31.4 million, up by 142 per cent; coffee - $ 28.4 million, down by 24.3 per cent; computers, electronics and components - $ 23.6 million, down by 3.3 per cent; and seafood - $ 19.5 million, up by 6.1 per cent.
In the reviewed period, the country’s exports of rice to Russia rocketed by 1,560 per cent to $ 2.2 million; machines, equipment and spare parts – up by 150 per cent; textiles and garments – up by 142 per cent; petroleum – up by 100 per cent; confectionery and grain products – up by 282 per cent. However, the exports of iron and steel were down by 76 per cent; and coffee – down by 24 per cent.
Vietnam’s exports of goods to Russia in the first quarter of 2017 - Unit: US$ - source: the General Department of Customs
Item
 
First quarter of 2017
First quarter of 2016
Comparison (%)
Total
416,677,006
338,102,933
+23.24
Cell phones and accessories
202,536,960
156,788,522
+29.18
Textiles and garments
31,441,059
12,995,753
+141.93
Coffee
28,400,231
37,518,658
-24.30
Computers, electronics and components
23,566,883
24,367,308
-3.28
Seafood
19,526,273
18,397,143
+6.14
Footwear of all kinds
16,320,596
16,572,657
-1.52
Machines, equipment, tools and spare parts
14,606,089
5,847,254
+149.79
Fruit and vegetables
8,997,290
4,767,535
+88.72
Cashew nuts
7,218,125
5,882,077
+22.71
Petroleum of all kinds
6,796,870
3,397,000
+100.08
Pepper
6,574,644
7,237,668
-9.16
Tea
6,098,752
5,082,802
+19.99
Handbags, wallets, suitcases, hats and umbrellas
4,233,013
4,737,637
-10.65
Rubber
2,513,728
2,260,421
+11.21
Plastic products
2,505,253
2,155,703
+16.22
Rice
2,248,169
135,395
+1560.45
Confectionery and grain products
2,182,979
570,913
+282.37
Wood and furniture
1,374,305
1,030,302
+33.39
Toys, sports equipment and spare parts
1,134,260
1,073,941
+5.62
Iron and steel of all kinds
769,213
3,241,751
-76.27
Rubber products
367,190
245,455
+49.60
Ceramic and porcelain products
309,188
243,139
+27.17
Bamboo, rattan, sedge and carpet products
147,775
119,452
+23.71
CK
Source: VITIC

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