Algeria ranks fourth among Vietnam’s export destinations in Africa
Algeria is currently the fourth biggest export market of Vietnam in Africa, following South Africa, Ghana, and Egypt.
Vietnam’s shipments to this African nation were estimated at US$271.42 million in 2016, up 16% year on year.
Among the main export items, 64,050 tonnes of coffee worth US$112.96 million were sold to Algeria, up 74% in volume and 64% in value. About 40,097 tonnes of rice were exported to bring home US$15.36 million, rising 6% in volume and 3% in value.
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| Bags of pepper at a factory of the Vietnam National Coffee Corporation (Vinacafe) in Binh Duong province |
Other commodities seeing an increase in shipments were pepper, steel, aquatic products, computers, electronic products and components, machinery and spare parts.
Meanwhile, the export turnover of telephones and components fell by 26% to US$76.86 million.
Last year, Vietnam’s trade office in Algeria organised an array of trade promotion activities, including five workshops on bilateral trade potential. It also assisted two delegations of Vietnamese businesses to attend international fairs and stepped up communication activities there such as publishing business news bulletins in French.
The Ministry of Industry and Trade also sent staff members to Algeria to work with local ministries and agencies, seeking ways to boost cooperation in the time ahead.
To strengthen trade ties and also to mark 55 years of the countries’ diplomatic relationship, Vietnam will work harder to promote bilateral trade in 2017 such as through helping enterprises to participate in the Algiers International Fair and holding four business seminars on economic and trade partnership potential.
