Vietnam-Indonesia trade achieves about US$ 14 billion
Indonesian President’s Vietnam visit hoped to strengthen bilateral ties | |
Vietnam, Indonesia eye stronger economic, trade ties |
Chart by: T.B |
According to the lastest statistics of the General Department of Vietnam Customs (GDVC), in 2023, Vietnam’s exports to Indonesia recored over US$5 billion. 14 comodity groups reached the import turnover of US$100 milion or more.
Rice exports to Indonesia reached 1.16 tons with the import tunrover of US$640 million.
Export tunover of major exported comodity groups includes Iron and steel at US$ 483 million; machinery, equipment, tools, and spare parts at about US$380 million; mobile phones and components at US$368 million.
The import turnover from Indonesia in 2023 earned US$8.73 billion.
Coal is the largest import product with the import turnover of over 2 US$ billion; iron and steel with a turnover of more than US$ 1.1 billion. These are two groups of imported goods from the Indonesian market with a turnover of billions of dollars.
Other imported commodity groups with a turnover of over US$100 million include: animal and vegetable oils at US$682 million, CBU cars at USS$ 607.5 million, paper of at US$282.8 million.
The statistical data shows that the structure of import and export goods between the two other countries is diverse.
With a turnover of nearly US$14 billion in the last year, Indonesia is the country's leading trading partner in Southeast Asia. Vietnam has a trade deficit with Indonesia of US$3.73 billion.
Related News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Latest News
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
More News
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
Your care
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export