Saturday, 30/03/2019 10:47 (GMT+7)
Two-way trade between Vietnam and Israel hit USD131.29 million in the first two months of 2019, with Vietnam enjoying a trade surplus worth USD77.47 million.
Two-way trade between Vietnam and Israel hit USD131.29 million in the first two months of 2019, with Vietnam enjoying a surplus worth USD77.47 million. (Illustrative photo: VNA)
According to Vietnamese Trade Counsellor in Israel Le Thai Hoa, Vietnam earned USD54.51 million from exports to Israel in February alone, raising Vietnam’s export revenue to the Middle East market to USD104.38 million.
Vietnam’s main exports to Israel include mobile phones and components, aquatic products, cashew nuts, footwear, garment-textile and coffee. Notably, Vietnamese rice has entered the market and holds great potential to meet demands of Asian workers and people living in Israel.
Meanwhile, Vietnam’s imports from Israel hit USD13.32 million in February, bringing the figure in the first two months to USD26.91 million, with major products fertiliser, machines and farm produce.
Israel is currently among Vietnam’s top partners in the Middle East in terms of economic and science-technology cooperation.
In 2018, the two countries held various activities to commemorate the 25th founding anniversary of diplomatic ties. Two-way trade surpassed USD1.2 billion last year as many of Vietnam’s staples gained footholds in the Israeli market.
A bilateral free trade agreement is under negotiation and is expected to be inked shortly, in hope of lifting two-way trade to USD3 billion./.
CPV/VNA