Monday, December 11,2017 - 14:33 GMT+7  Việt Nam EngLish 

Vietnam’s exports to Russia expected to rise 

 Friday, April 21,2017

AsemconnectVietnam - 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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