Trade surplus with Australia expands in 2015
(VOV) -Vietnam recorded a better-than-expected trade surplus in excess of US$1.3 billion with Australia in 2014, according to the Vietnam Customs office.
Exports to Australia jumped 13.7% on-year to US$3.39 billion while imports surged 29% to US$2.06 billion the customs office said.
Crude oil accounted for 46% of Vietnam’s exports to Australia while other major exports included agro-fishery and industrial products such as steel and electric components.
Meanwhile, Vietnam beef imports from Australia surged 65% on-year. Other significant imports included wheat, milk, dairy products,plastic materials, textile materials, leather and minerals.