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Exports to Russia increased sharply in first quarter 

 Thursday, May 3,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and Russia reached US$ 1.03 billion in the first 3 months of this year, increased by 41.3 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Of the figure, Vietnam exported US$ 543.5l million worth of goods to Russia, increased by 30.6 per cent over the same period last year.

The major items exported by the country to Russia in the first quarter of this year included bamboo, rattan, sedge and carpet products with $ 0.27 million, up by 85.9 per cent; cashew nuts - $ 12.9 million, up by 78.1 per cent; coffee - $ 53.71 million, up by 89.2 per cent; rubber - $ 3.41 million, up by 35.5 per cent; petroleum - $ 9.31 million, up by 37 per cent; plastic products - $ 3.92 million, up by 56.5 per cent; handbags, wallets, suitcases, hats and umbrellas - $ 5.86 million, up by 38.5 per cent; telephones and components  - $ 275.81 million, up by 36.2 per cent; machines, equipment and spare parts - $ 18.5 million, up by 26.8 per cent; computers, electronics and components - $ 38.7 million, up by 64.2 per cent.

However, in the period, the exports of seafood to Russia reached $ 19 million, down by 1.6 per cent; fruits and vegetables - $ 6.9 million, down by 23.3 per cent; pepper - $ 2.3 million, down by 65 per cent; textiles and garments - $ 19.4 million, down by 38 per cent; and footwear - $ 15.4 million, down by 5.1 per cent.  

In the first 3 months of this year, Vietnam’s imports of goods from Russia reached $ 482.6 million, up by 53 per cent over the same period of 2017.

In the period, the country’s imports of seafood from Russia reached $ 20.5 million, up by 28.6 per cent; wheat - $ 98.6 million, up by 778 per cent; iron and steel of all kinds - $ 95.7 million, up by 858.4 per cent; petroleum - $ 41.9 million, up by 1,192 per cent; chemicals - $ 9.5 million, up by 314.5 per cent; pharmaceuticals  - $ 3.4 million, up by 171.5 per cent; machines, equipment and spare parts  - $ 72.3 million, up by 302.8 per cent; other ordinary metals - $ 16.2 million, up by 107.9 per cent; CBU autos - $ 22 million, up by 24 per cent.

However, the imports of ores and minerals from Russia reached only $ 8.3 million, down by 36.7 per cent; coal - $ 34.9 million, down by 47.5 per cent; fertilizer - $ 18.3 million, down by 34 per cent; rubber - $ 5.3 million, down by 11 per cent; wood and furniture - $ 2.2 million, down by 12 per cent; means of transport and spare parts - $ 1.7 million, down by 63.8 per cent.

Vietnam’s exports of goods to Russia in the first quarter of 2018 -
Unit: US$ - source:VITIC – according to the figures of the General Department of Customs
 
Item
March of 2018
First quarter of 2018
March of 2018 vs. February of 2018 (%)
First quarter of 2018 vs. same period of 2017 (%)
Total export turnover
200,045,376
543,500,043
21.51
30.44
Telephones and components
95,653,434
275,838,952
4.41
36.19
Coffee
21,939,043
53,728,555
39.41
89.18
Computers, electronics and components
14,556,090
38,702,429
34.22
64.22
Textiles and garments
6,949,082
19,382,118
39.74
-38.35
Seafood
7,835,192
18,997,629
62.57
-2.71
Machines, equipment and spare parts
7,402,571
18,492,917
38.07
26.61
Footwear of all kinds
6,424,796
15,404,914
123.48
-5.61
Cashew nuts
4,900,744
12,853,231
39.66
78.07
Petroleum
4,487,335
9,309,442
44.93
36.97
Fruits and vegetables
2,293,070
6,928,792
31.57
-22.99
Tea
2,257,292
6,491,953
36.64
6.45
Handbags, wallets, suitcases, hats and umbrellas
2,219,245
5,864,101
21.61
38.53
Plastic products
1,432,569
3,921,085
28.79
56.51
Rubber
966,824
3,405,283
10.98
35.47
Iron and steel of all kinds
1,637,843
2,540,565
287.08
230.28
Pepper
830,470
2,298,290
-1.23
-65.04
Confectionery and grain products
1,239,998
2,236,909
171.38
2.47
Rice
1,119,009
1,931,616
127.3
-14.08
Wood and furniture
516,881
1,390,689
52.4
1.19
Toys, sports equipment and spare parts
299,410
1,072,381
27.31
-5.46
Ceramic and porcelain products
79,185
414,825
188.94
34.17
Bamboo, rattan, sedge and carpet products
166,225
274,655
484.54
85.86
Ores and minerals
230,000
230,000
 
 
Rubber products
 
190,948
 
-48
CK
Source: VITIC

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