Russia, Vietnam enjoy fruitful trade ties
(VOV) -Russia has been one of Vietnam’s leading trade partners for many years, with their two-way trade turnover reaching US$2.21 billion in the first 10 months of this year, according to the General Department of Vietnam Customs.
In the period, Russia ranked 6th among Vietnam’s largest European markets. Vietnam earned US$1.44 billion from exports to Russia, and spent US$768 million on imports from this market.
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| Seafood – a key export item to the Russian market |
Key export items included telephones and components, computers, electronic products, seafood, garment and textiles, fruits and vegetables, coffee, pepper, and cashew nuts.
Russia shipped to Vietnam petrol, fertilizers, steel, machines, equipment and spare parts, seafood, coal, rubber and others.
Vietnam-Russia trade balance from January to October 2014 saw an export surplus of US$669 million, accounting for 28.3% of Vietnam‘s total trade surplus.