Brighter outlook for Vietnam’s exports to Australia

Monday, 11:59, 08/01/2018

VOV.VN - Bilateral trade between Vietnam and Australia nearly reached US$5.9 billion during the first 11 months of 2017 with Vietnam’s exports to Australia up by 13% to more than US$2.96 billion and its imports growing by 32% to over US$2.92 billion against the corresponding period of one year earlier.

According to the General Department of Vietnam Customs, telephones and components topped the list of 33 major groups of export products with a value of US$582.49 million (up 7% when compared with 2016’s same period), followed by computers and components at US$355.38 million (up 13%), crude oil at US$220.32 million (up 34%) and footwear at US$205.66 million (up 9%).

Vietnam is currently the fourth largest supplier of seafood to Australia, trailed by Thailand, New Zealand, and China.

Shrimp exports alone, the Southeast Asian nation is the biggest exporter to Australia, accounting for more than 35% of market shares.

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