According to preliminary statistics from the General Department of Customs, by the end of May 2024, agricultural export turnover to Russia reached 331.3 million USD, up 49.7% over the same period last year.
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| Coffee is the product with the largest export turnover to the Russian market, worth 161.6 million USD, up 39% over the same period last year. (Photo: congthuong.vn) |
Among them, coffee is the product with the largest export turnover to the Russian market, worth 161.6 million USD, up 39% over the same period last year. It is followed by seafood, worth 76.4 million USD, up 87.7%; cashew nuts, 28 million USD, up 81.8%; and fruits and vegetables, 26.8 million USD, up 25.2%.
In addition, rubber exports to this market increased by 23.8%, wood and wood products by 47.6%, rice exports doubled, and pepper by 96.9%. Compared to the same period last year, only tea products recorded negative growth, of 12%.
Russia is not a large export market for many types of Vietnamese agricultural products. However, in the first 5 months of this year, agricultural products exported to the market increased sharply.
According to the Vietnam Association of Seafood Exporters and Producers, goods transportation from Vietnam to Russia has become more convenient. Russian transport corporations has opened Ho Chi Minh City - Hai Phong - Vladivostok (Russia) direct transport route.
In addition, the railway transport system supports deliveries with Russia, so freight transport becomes diverse.
Tariff incentives after the country signed the Vietnam - Eurasian Economic Union Free Trade Agreement in 2015 also helped Vietnamese agricultural products increase their competitiveness in this market, including Russia./.