Vietnam – Serbia trade turnover rises sharply

Source: Pano feed



Đăng ký: VietNam News






Photo for illustration. (Source: VNA)

Photo for illustration. (Source: VNA)



(CPV) - Total trade turnover between Vietnam and Serbia during the Jan-Oct 2014 period hit USD119.2 million, according to the latest statistics by the Serbian Chamber of Commerce and Industry.


Of this figure, Vietnam’s exports to Serbia were valued over USD113.4 million, a 20% increase compared to the same period last year while Vietnam’s import turnover from the market represented a year-on-year rise of 25%, at USD5.8 million.


During the period, Vietnam’s major export commodities in the market were seafood, coffee, spices, ready-to-wear clothes, footwear of all kinds, fine art and handicraft products and packaged fruits. Meanwhile, products imported from Serbia were bronze wire, power cable, steel and aluminum products.


In recent years, Vietnam’s exports to Serbia have seen sharp growth, but almost all of the country’s commodities to Serbia were shipped through transit countries such as Bulgaria, Romania, Hungary, Poland and Russia. The volume of commodities imported from Serbia to Vietnam was limited, only accounting for 10% of the exchanged volume between the two sides.


Aiming to speed up the bilateral economic, investment and trade relations, the two countries should complete negotiations to sign a new economic cooperation agreement appropriate to current international trade expectations, replacing the agreement signed in 1987./.



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