Russia-Vietnam Trade Turnover Increased by 15%

In the first quarter of 2018 Russia-Vietnam trade turnover has increased by 15% compared to the same period of the last year and stood at $1.14 bn.

Russia’s import from Vietnam is 2.5 times as much as its export to Vietnam.

In the first quarter of 2018 Russia’s export to Vietnam has risen by 4% compared to the same period of 2017 and amounted to $325.1 mln.

Russia’s import from Vietnam has shown a 20% growth and stood at $812.56 mln.

Russia has exported from Vietnam largely the following goods:

• Wheat and meslin (28.2%);

• Flat-rolled iron or non-alloy steel (13.1%);

• Bituminous coal (10%);

• Maize (5.3%);

• Petroleum oils and oils from bituminous minerals (not crude) (4.5%);

• Electrical transformers with liquid dielectric having a power handling capacity exceeding 10,000kVA (3.9%).

Russia has imported from Vietnam largely the following products:

• Telephones for cellular networks (39.3%);

• Coffee (5.4%);

• Footwear (8.7%);

• Machines which perform two or more of the functions of printing, copying or facsimile transmission (3.5%);

• Processors and controllers (3%);

• Vacuum cleaners (2.5%);

• Portable automatic data processing machines weighing not more than 10 kg (2.4%);

• Cashew nuts, shelled (2%).