COUNTRY'S NEWS

Vietnam–Russia Bilateral Trade Reaches USD 1.57 Billion in the First Four Months of 2025

Posted on by content02.vinahugo
07
Oct

According to data from Vietnam’s General Department of Customs, in the first four months of 2025, bilateral trade between Vietnam and the Russian Federation reached USD 1.57 billion, a slight increase of 0.33% compared to the same period in 2024.
Vietnam’s exports totaled USD 773.2 million (up 1.4%), while imports stood at USD 799.5 million (down 0.7%), resulting in a trade deficit of approximately USD 26.3 million.

Vietnam’s Exports to Russia

In the first four months of 2025, Vietnam’s exports to Russia amounted to USD 773.2 million, with several key sectors showing growth momentum.

  • Seafood exports continued their recovery, reaching USD 63.78 million (up 7.3%).

  • Footwear exports surged to USD 5.9 million (up 140%).

  • Sports equipment and toys reached USD 2.8 million (up 28.9%).

  • Rubber products hit USD 3.44 million (up 16%), while plastic products rose to USD 10.09 million (up 12.4%).

  • Machinery and spare parts achieved USD 62.88 million (up 7.2%).

Among agricultural and raw commodities, some products benefited from rising global prices even with lower export volumes:

  • Rubber: USD 11.98 million (down 18.5% in volume, up 2.7% in value).

  • Pepper: USD 11.84 million (down 29.8% in volume, up 18.1% in value).

  • Tea: USD 3.71 million (down 8% in volume, up 7.4% in value).

  • Coffee: USD 213.4 million (down 1.7% in volume, up 54.7% in value).
    Coffee remained the leading export commodity by value during this period.

Products experiencing export declines included:

  • Fruits and vegetables: USD 18.8 million (down 7.9%).

  • Cashew nuts: USD 20.7 million (down 13.3%).

  • Rice: USD 1.39 million (down 47.9%).

  • Confectionery and cereals: USD 7.5 million (down 18.2%).

  • Bags, suitcases, hats, umbrellas: USD 4.16 million (down 20.2%).

  • Textiles and garments: USD 194.37 million (down 25.2%).

  • Wood and wood products: USD 1.47 million (down 9.5%).

  • Electronics and components: USD 2.35 million (down 71.5%).

Vietnam’s Imports from Russia

During the same period, Vietnam’s imports from Russia totaled USD 799.5 million, with several items showing significant growth.

  • Wheat: USD 39.7 million (up 186%).

  • Ores and minerals: USD 13.31 million (up 36.8%).

  • Chemicals: USD 20.65 million (up 22%).

  • Pharmaceuticals: USD 21.3 million (up 122%).

  • Rubber: USD 14.07 million (up 74%).

  • Machinery and spare parts: USD 4.1 million (up 83.5%).

  • Fertilizers: USD 127.98 million (up 10.6%).

  • Base metals: USD 16.5 million (up 8.9%).

Meanwhile, some categories recorded declines:

  • Seafood: USD 33.2 million (down 5.2%).

  • Wood and wood products: USD 10.07 million (down 15.8%).

  • Paper: USD 688,000 (down 63.7%).

Notably, coal imports reached USD 287 million, down 25.8% in value but up 5.9% in volume, indicating falling global prices.
Ores and minerals increased by 36.8% in value and 65.9% in volume.
Petroleum products surged to USD 5.1 million (up 789%), while iron and steel imports hit USD 341,000 (up threefold in value and twenty-onefold in volume)—showing a sharp recovery in early 2025.