Exports to Indonesia increase sharply
(VOV) - Two-way trade between Vietnam and Indonesia hit nearly US$3.3 billion over the past nine months, of which Vietnamese exports generated US$1.664 billion, up 5.4 percent.
Vietnam also enjoyed a trade surplus of US$40 million with Indonesia in the review period, according to the Trade Office of the Vietnamese Embassy in Jakarta.
Staples that attained the highest export growth included phones and accessories, steel, rice, crude oil and coffee.
Products which achieved high annual export earnings were coffee, mineral ores, phones and accessories, chemicals, steel, electric wire and cables, paper, chemicals, footwear, tea and plastics.
Rice is one of Vietnam’s hard currency earners which makes up 50 percent of its total exports to Indonesia. However, Indonesia has so far this year not imported Vietnamese rice.
Between January-September 2011 it consumed US$616.3 million worth of Vietnamese rice.