AsemconnectVietnam - According to statistics from the Customs Department, Vietnam's exports to Russia in the first two months of 2026 reached over $345.5 million, a decrease of 0.9% compared to the same period last year.

Vietnam is currently Russia's largest trading partner in ASEAN. After a sharp decline in 2022, bilateral trade has recovered strongly.
Vietnam's main export items to Russia include seafood, coffee, tea, cashew nuts, textiles, footwear, telephones and components, along with processed foods – product groups highly valued by Russian consumers for their consistent quality and reasonable prices.
Conversely, Vietnam imports many essential industrial products from Russia such as: fertilizers, coal, petroleum, non-ferrous metals, as well as machinery and equipment for production. However, trade between the two countries still has significant room for growth, especially in the fields of agricultural products, processed foods, pharmaceuticals, and medical equipment – areas with high demand in Russia but not yet fully exploited.
In the first two months of 2026, coffee led in export value, reaching US$105.6 million, an increase of 12.1%, accounting for 30.7% of total exports. This was followed by textiles and garments at US$40.4 million, accounting for 11.7% of total exports. The next was seafood with US$28.3 million, accounting for 8.2% of total exports.
In 2025, several export items showed growth compared to the same month of the previous year, such as pepper increased by 22.4%; footwear increased by 43.4%; and iron and steel increased by 576.6%.
To boost exports to Russia, it is necessary to leverage the benefits of the FTA and Russia's investment policies to produce consumer goods in Russia and the EAEU; participate in exhibitions in Russia to find customers and understand the market; establish legally binding contracts regarding delivery and payment; and utilize sea and rail transport routes to optimize costs and time.
CK
Source: VITIC