Vietnam enjoys substantial increase in exports to Russia
Illustrative image (Source: Internet)
During the reviewed period, Vietnamese exports to Russia enjoyed a 12.5 per cent increase to US$2.3 billion, whilst imports from the Eastern European country suffered a decline of 18.3 per cent to US$1.47 billion.
The nation’s key export items to Russia include telephones and their components, computers, electronics, textiles, footwear, and seafood.
Of these popular goods, mobile phones and their components underwent an year-on-year fall of 2.3 per cent to US$912.5 million.
Elsewhere, the export of computers, electronic products, garments & textiles, footwear, and aquatic products to the market saw an increase of between 20 per cent and 50 per cent.
Simultaneously, imports from Russia experienced a significant drop, with coal, iron, steel, wheat, and cars witnessing a decline of between 70 per cent and 170 per cent.
At present, Vietnam represents Russia’s largest trading partner among ASEAN members and is ranked sixth overall in the Asia - Pacific region. Indeed, the country accounts for approximately 0.75 per cent of the Eastern European nation’s total import and export turnover.
Related News
Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market
09:04 | 24/12/2024 Import-Export
The wood industry seizes opportunities amid changes in the export market
11:22 | 16/12/2024 Import-Export
Latest News
Việt Nam set to become regional manufacturing tech hub this year
15:53 | 02/01/2025 Import-Export
Computers, electronics and components lead imports in 2024
15:51 | 02/01/2025 Import-Export
Hardware and electronics exports rebound
13:31 | 01/01/2025 Import-Export
Imported automobiles show a declining trend in early December
15:30 | 31/12/2024 Import-Export
More News
Footwear industry set to gain $27 billion in export this year
15:29 | 31/12/2024 Import-Export
Rice export sets new record in 2024, but 2025 expected to be tough
15:28 | 31/12/2024 Import-Export
Lower steel export forces businesses to eye domestic market
15:25 | 31/12/2024 Import-Export
Industrial production maintains rapid and throughout bounceback
15:20 | 31/12/2024 Import-Export
Six export commodity groups see billion-dollar growth
07:55 | 31/12/2024 Import-Export
Sustainable Green Development: New Driving Force for the Retail Industry
07:44 | 31/12/2024 Import-Export
The Middle East: a promising seafood export market for Vietnam
07:43 | 31/12/2024 Import-Export
Increasing consumption demand, steel enterprises have many opportunities
07:43 | 31/12/2024 Import-Export
Sustainable opportunities for Vietnamese goods to penetrate the global market
13:54 | 30/12/2024 Import-Export
Your care
Việt Nam set to become regional manufacturing tech hub this year
15:53 | 02/01/2025 Import-Export
Computers, electronics and components lead imports in 2024
15:51 | 02/01/2025 Import-Export
Hardware and electronics exports rebound
13:31 | 01/01/2025 Import-Export
Imported automobiles show a declining trend in early December
15:30 | 31/12/2024 Import-Export
Footwear industry set to gain $27 billion in export this year
15:29 | 31/12/2024 Import-Export