Vietnam becomes second largest wooden furniture supplier to Australia
VOV.VN - The country made up the second largest supplier of wooden furniture to Australia during the first half of the year, with export turnover reaching US$103.1 million in the reviewed period, representing a year-on-year rise of 72.1%, according to the Ministry of Industry and Trade.
Statistics compiled by the International Trade Center (ITC) indicated that Australia’s import value of wooden furniture in June reached $138.64 million, marking a rise of 9.7% compared to June of last year.
During the opening half of the year, Australia’s import value of wooden furniture enjoyed an annual surge of 47.7% to US$871.54 million.
The import proportion from the Vietnamese market accounted for 11.8% of Australia’s total import value of wooden furniture throughout the reviewed period, climbing by 1.7 percentage points compared to the same period from last year. This figure shows that there is plenty of room for the export of the product in the near future.
Australia also increased its import of wooden furniture during the six-month period, with wood-framed chairs taking the lead with turnover of US$358.14 million, an increase of 66.3% against the same period last year.
Furthermore, the import revenue of living room and dining room furniture soared by 46.5% on-year to reach US$280.7 million, accounting for 32.2% of the country’s total import value of wooden furniture.
Most notably, Australia mainly imports the product from China, Vietnam, Indonesia, and India.
