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Friday, July 19, 2024

Vietnam’s exports to Australia surge by 42%

The Saigon Times

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HCMC – Vietnam’s exports to Australia increased by 42% to US$4.9 billion, according to the Vietnam Trade Office in Australia.

In the first eight months of 2022, bilateral trade between Vietnam and Australia reached US$10.969 billion, up 37.44% year-on-year.

Among Vietnam’s exports to Australia, seafood increased by 49% to US$247.6 million, while wood products increased by 23.99% to US$135.4 million, confectionery by 50% to more than US$50 million, and iron and steel by 232.92% to US$142 million.

Vietnam’s imports from Australia also increased by 34.75%, mainly input materials for domestic products such as coal, iron ore, metals and wheat.

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