Export of agricultural, forestry, and fishery products to Russia increased by 34.2%

Published 2021년 9월 12일

Tridge summary

The article highlights the significant growth in exports of various products from Vietnam to Russia in the first seven months of 2021, with notable increases in seafood, vegetables and fruits, cashew nuts, pepper, and rubber. However, exports of tea, rice, wood, and wood products have seen a decrease. To boost agricultural exports further, the article suggests that Vietnamese enterprises should leverage the Free Trade Agreement between Vietnam and the Eurasian Economic Union. The article also points out the challenges faced by Vietnamese coffee suppliers in the Russian market, as the majority of their exports are unroasted coffee, resulting in lower price and export turnover.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first 7 months of 2021, many items with high export turnover increased compared to the same period last year such as: Seafood increased by 66%, vegetables and fruits increased by 47.6%, cashew nuts increased by 59.76%, pepper increased by 47%. 71.3%, coffee up 3.5%, especially rubber up 230.8%. However, there are still some items with a decrease in export turnover to the Russian market, such as tea, rice, wood and wood products. In the coming time, in order to increase the export turnover of agricultural, forestry and fishery products to the Russian market, according to the Vietnam Trade Office in Russia, Vietnamese enterprises need to study carefully and take advantage of the incentives of the Free Trade Agreement. between Vietnam and the Eurasian Economic Union (VN - EAEU FTA), boldly invest in the production and consumption of goods in Russia., In the context that the epidemic continues to be complicated, in the coming time, trade deals and trade promotion organizations ...

Source: VNRuralEconomics