Exports to Australia improve in January
(VOV) - Exports to Australia rose by 4.1% to US$294.47 million in January, reports the Vietnam Customs office.
Major exported products included oil products, electronics, telephone handsets, seafood (mainly shrimp), machinery, equipment, tools, cashew nuts, furniture, timber products and footwear.
The top exported products were crude oil with a value of US$150.14 million (up 55.4%, accounting for more than 50% of the total), followed by telephone handsets and components at US$26.78 million (down 6.2%) and seafood with US$19.58 million (up 31.5%).
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Products with high export growth included garments (up 47.7%), vegetables and fruits (50.6%), chemical products (22.9%), wood and timber products (15.9%) and iron and steel (95.2%).
Despite huge potential, exports to Australia are still relatively modest.
A free trade agreement between Australia and ASEAN, including Vietnam, will facilitate Vietnam’s exports to the market in the future.