(CPV) – Bilateral trade exchange between Vietnam and Israel in 2013 rose sharply to reach an impressive figure.
Statistics by the General Department of Vietnam Customs showed that total trade turnover between the two countries reached more than USD605 million, up 38.1 percent over a year earlier. Of this, Vietnam’s export turnover to Israel posted over USD400 million, up 43.4 percent, while imports from the country were valued at nearly USD205 million, up 28.8 percent.
Among Vietnam’s export commodities to Israel, mobile phones and devices gained the largest turnover with more than USD200 million, up 107 percent against 2012.
Other traditional commodities to Israel also seeing stable growth in export turnover included seafood products (USD42.2 million), coffee (USD25.89 million), footwear of all kinds (USD18.42 million) and garments (USD15.57 million). Only cashew had export turnover decrease against 2012.
In 2013, import turnover of commodities from Israel witnessed sharp growth, especially fertilizer for agricultural production demand.
Economic experts said that aiming to better exploit advantages as well as promote bilateral trade relations, the two countries need specific strategies to diversify export commodity structure and intensify the use of commodities of the two countries in mutual industrial and agricultural production projects./.