Exports to Africa surge
(VOV) - South Africa is Vietnam’s No 1 export market with its turnover reaching US$476.7 million.
The Africa, West Asia and South Asia Department under the Ministry of Industry and Trade said Vietnam’s exports to most major African markets increased significantly in the first eight months.
Six major importers were South Africa, Algeria, Ghana, Nigeria, the Ivory Coast and Angola. Two shrinking markets were Egypt and Senegal. But all these eight markets accounted for 72% of Vietnam’s total exports to 55 African countries.
Major export items include rice, telephones, coffee, pepper, seafood, computers, electronics and components, means of transport, tools, machinery and equipment, garments and footwear.
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Exports to South Africa are expected to surpass US$700 million this year.
In the reviewed period, exports to the Ivory Coast increased by 12% to US$184.54 million, of which rice earned US$171.53 million. By the end of August, this country became the second largest importer of Vietnamese products in Africa.
Exports to Ghana reached US$174.26 million, up 17%, of which rice accounted for US$135.59 million (up 33%).
Meanwhile, exports rose to US$120.37 million in Algeria (up 27%), to US$101.28 million in Nigeria (up 18%) and to US$88.82 million in Angola (up 9%).