Business

Vietnam - Australia trade goes up 37% in eight months

Trade revenue between Vietnam and Australia approximated 11 billion USD in the first eight months of 2022, up 37.44% from a year earlier, statistics show.
Vietnam - Australia trade goes up 37% in eight months ảnh 1Vietnamese lychee sold at a supermarket in Perth city of Australia (Photo: VNA)
Sydney (VNA) – Trade revenue between Vietnam andAustralia approximated 11 billion USD in the first eight months of 2022,up 37.44% from a year earlier, statistics show.

Notably, Vietnam’s exports to Australia surged 42% to 4.9billion USD, according to Vietnam’s trade office in the country.

Among the main exports to Australia, fishery products broughthome 247.6 million USD (up 49%), timber and wood products 135.4 million USD (up23.99%), confectionery over 50 million USD (up 50%), and steel 142 million USD(up 232.92%).

Meanwhile, imports also rose 34.75%, with input materials forproduction such as coal, iron ore, metal, and wheat being the main commoditiespurchased from Australia.

Nguyen Phu Hoa, head of Vietnam’s trade office, attributed theimpressive export growth to the increasing diversity and competitiveness ofVietnamese goods, efforts by Vietnamese firms to help their products get a foothold in the Australian market, and localities’ support for businesses intrade promotion./.
VNA
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