What products does Vietnam import from the Russian market?

Imports of all kinds of coal from Russia increased by 146.6% in volume. Vietnam's coal imports increased by 60% in volume.

According to preliminary statistics from the General Department of Customs, in the first five months of 2024, Vietnam spent 1 billion USD to import goods from Russia, an increase of 58% over the same period last year.

The items with the biggest growth momentum include fertilizers, which increased by 372% in turnover compared to the same period last year, from 32 million USD to 152 million USD in the first 5 months of 2024. The amount of imported fertilizers also increased from 60,617 tons to 335,581 tons, equivalent to 5.5 times.

Other base metals were the second largest growth item in terms of turnover, with +100% compared to the same period last year, reaching 18 million USD. The import volume of other base metals also doubled, reaching 7,158 tons.

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In the first 5 months of the year, Vietnam imported 2.4 million tons of coal from the Russian market.

Following behind are auto parts and components, increasing by 89% over the same period last year, reaching 8.7 million USD; chemicals increased by 71% over the same period last year, reaching 37.7 million USD... In the first 5 months of 2024, Vietnam spent 13.9 million USD to import wheat from this market, the same period last year did not record data.

Notably, the largest import item from Russia, coal, also increased by 96% in volume, reaching 2.4 million tons; thereby bringing the coal import turnover to 471 million USD, up 58% over the same period last year. Currently, Russia is one of the 7 main markets supplying imported coal to Vietnam. In the first 5 months of 2024, the total amount of coal imported from Russia accounted for nearly 9% of the total amount of coal imported by Vietnam.

On the other hand, seafood imports from Russia decreased by 10% compared to the same period last year, to 47 million USD; rubber decreased by 28.4% compared to the same period last year, reaching 9.8 million USD; pharmaceuticals decreased by 12.3% compared to the same period last year, reaching 13.5 million USD...

Some small-value items with deep declines include: Iron and steel down 91% compared to the same period last year, electric wires and cables down 77% compared to the same period last year, automobiles down 45% compared to the same period last year...

In terms of turnover, in addition to coal and fertilizer, which are the two largest imported items from Russia, Vietnam also spent 51 million USD importing raw plastic materials, up 19.6% over the same period last year; importing wood and wood products with 15.8 million USD, up 27% over the same period last year; importing iron and steel products with 14.9 million USD, down 13% over the same period last year...

Source: https://congthuong.vn/viet-nam-nhap-khau-nhung-mat-hang-nao-tu-thi-truong-nga-327301.html