Two-way trade between Vietnam and Israel hit 131.29 million USD in the first two months of 2019, with Vietnam enjoying a surplus worth 77.47 million USD (Illustrative photo: VNA)Tel Aviv (VNA) – Two-waytrade between Vietnam and Israel hit 131.29 million USD in the first two monthsof 2019, with Vietnam enjoying a trade surplus worth 77.47 million USD.
According to Vietnamese TradeCounsellor in Israel Le Thai Hoa, Vietnam earned 54.51 million USD from exportsto Israel in February alone, raising Vietnam’s export revenue to the MiddleEast market to 104.38 million USD.
Vietnam’s main exports to Israel includemobile phones and components, aquatic products, cashew nuts, footwear,garment-textile and coffee. Notably, Vietnamese rice has entered the market andholds great potential to meet demands of Asian workers and people living inIsrael.
Meanwhile, Vietnam’s imports fromIsrael hit 13.32 million USD in February, bringing the figure in the first twomonths to 26.91 million USD, with major products fertiliser, machines and farmproduce.
Israel is currently among Vietnam’stop partners in the Middle East in terms of economic and science-technologycooperation.
In 2018, the two countries heldvarious activities to commemorate the 25th founding anniversary of diplomaticties. Two-way trade surpassed 1.2 billion USD last year as many of Vietnam’sstaples gained footholds in the Israeli market.
A bilateral free trade agreement isunder negotiation and is expected to be inked shortly, in hope of liftingtwo-way trade to 3 billion USD.-VNA
According to Vietnamese TradeCounsellor in Israel Le Thai Hoa, Vietnam earned 54.51 million USD from exportsto Israel in February alone, raising Vietnam’s export revenue to the MiddleEast market to 104.38 million USD.
Vietnam’s main exports to Israel includemobile phones and components, aquatic products, cashew nuts, footwear,garment-textile and coffee. Notably, Vietnamese rice has entered the market andholds great potential to meet demands of Asian workers and people living inIsrael.
Meanwhile, Vietnam’s imports fromIsrael hit 13.32 million USD in February, bringing the figure in the first twomonths to 26.91 million USD, with major products fertiliser, machines and farmproduce.
Israel is currently among Vietnam’stop partners in the Middle East in terms of economic and science-technologycooperation.
In 2018, the two countries heldvarious activities to commemorate the 25th founding anniversary of diplomaticties. Two-way trade surpassed 1.2 billion USD last year as many of Vietnam’sstaples gained footholds in the Israeli market.
A bilateral free trade agreement isunder negotiation and is expected to be inked shortly, in hope of liftingtwo-way trade to 3 billion USD.-VNA
VNA
