17:10 | 14/10/2017 Trade
Vietnam’s exports to Algeria were estimated at nearly 240.9 million USD in the first three quarters of 2017, an increase of 17 percent from the same period last year, according to the Trade Office of Vietnam in Algeria.
|Illustrative image - Photo: VNA|
Coffee continued to be the largest earner with export value exceeding 91.7 million USD, up three percent year on year. Exports of rice jumped 145 percent during the period to exceed 13.3 million USD.
Meanwhile, shipments of mobile phones and parts declined eight percent to about 58.77 million USD.
Despite the growth, Vietnam’s exports to the North Africa nation will be unlikely to reach the target of 300 million USD this year, said Vietnamese Trade Counsellor Hoang Duc Nhuan.
This was largely due to recent tighter Algerian import policies. Vietnam only exported 13 million USD worth of commodities to Algeria in September, a significant decrease from previous months. Notably, mobile phones and parts saw dramatic falls in June and July and reported no orders in the next two months, he noted.
Nhuan said that the Trade Office of Vietnam is working with authorities in Algeria to help Vietnamese exporters resolve difficulties and boost exports in the final quarter of the year.
Vietnam’s shipments to Algeria were estimated at 271.42 million USD in 2016, a year-on-year increase of 37 percent with most of the revenue coming from coffee and rice.