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Russia-Vietnam trade value surges

Monday, 02 February 2015

  Two-way trade turnover between Russia and Vietnam has increased sharply, according to the Russian Ministry of Economic Development.





    In the first half of this year, trade hit more than US$2.5 billion, a 49.7 percent rise over the same period last year. Of that figure, Russia exported over US$1 billion, up 63.8 percent, and imported more than US$1.4 billion, an increase of 40.6 percent.

    Russia's main exports to Vietnam include machinery and equipment (69 percent of the total export value), metal products (15.4 percent), chemical products (3.8 percent), and mineral water (2.4 percent), while it imports machinery and equipment (58.1 percent), garments and footwear (20.9 percent), agricultural products (13.9 percent) and chemicals (2.6 percent) from Vietnam.

    Last year, two-way trade exchange reached US$3.061 billion, a year-on-year increase of 25.2 percent, with Russia's exports accounting for US$1.388 billion (up 0.3 percent) and its imports from Vietnam hitting US$1.722 billion (up 55 percent).

T.N (Source: