The Vietnamese agricultural products that are being purchased the most by the Russian market

Published Jun 18, 2024

Tridge summary

By the end of May 2024, Vietnam's agricultural exports to Russia surged by 49.7% to reach 331.3 million USD compared to the same period last year. This growth was driven by key products such as coffee, seafood, cashew nuts, fruits and vegetables, rubber, wood products, rice, and pepper, while tea exports declined. The increase was facilitated by improved transportation routes and tariff incentives from the Vietnam - Eurasian Economic Union Free Trade Agreement.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to 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, an increase of 49.7% over the same period last year. Among them, coffee is the product with the largest export turnover to the Russian market, reaching 161.6 million USD, an increase of 39% over the same period in 2023. Next is seafood reaching 76.4 million USD, an increase 87.7%; cashew nuts reached 28 million USD, an increase of 81.8%; fruits and vegetables reached 26.8 million USD, an increase of 25.2%. In addition, rubber exports to this market increased by 23.8%, wood and wood products increased by 47.6%, rice exports doubled, and pepper increased sharply by 96.9%. Compared to the same period last year, only tea products recorded a 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, ...
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