Vietnam enjoy rises in exports to Algeria
(VNF) - In recent years, Vietnam’s commodity exports to Algeria continued to grow rapidly and the country is now the third biggest importers of Vietnamese goods in Africa.
According to the latest statistics of the General Department of Vietnam Customs, Vietnam’s export turnover to Algeria hit USD68.6 million, a year-on-year increase of 1%. Of this, telephones and telecommunications equipment made up USD35.27 million; coffee took USD18.24 million and rice held USD2.6 million.
Photo for illustration. (Source: VNA)
In 2014, Vietnam’s exports to the market amounted to USD246.5 million, a 40% increasefrom the previous year. Main exports included coffee, telecommunications, rice, computers, seafood, pepper, footwear, fruit and vegetables. Coffee proved to be the biggest seller to Algeria with sales turnover in 2014 reaching USD94 million.
Vietnam’s imports from Algeria this year have only reached USD2.4 million with machinery and devices, pharmaceutical products, ore and minerals making up the bulk
The Ministry of Industry and Trade of Vietnam recently organised trade promotion activities to help domestic enterprises to intensify exports to Algeria. Activities included online trade exchange seminars, visits to explore the trade opportunities and international fairs in Algeria. Thanks to these, enterprises in both countries had the opportunity to explore cooperation and to seek partners, contributing to speeding up two-way trade relations between Vietnam and Algeria./.
( Hoang Nguyen )