Eight-month exports to Australia record surge

25-Sep-2021 Intellasia | VOV | 7:05 AM Print This Post

Vietnam’s exports to the Australian market during the past eight months of the year increased by 18.7 percent to reach over $2.77 billion compared to the same period from last year, according to statistics released by the general Department of Vietnam Customs. August alone saw exports to this market endure a slight decline of 4.5 percent to $349.3 million compared to July.

Most notably, phones and components recorded the highest export growth, with turnover reaching $435.4 million, thereby accounting for 15.6 percent of the total export turnover to the demanding market, whilst representing an annual fall of 8.8%.

Furthermore, the group of computers, electronic products and components ranked second in turnover with over $319 million, marking a year-on-year rise of 9.5%, followed by footwear with $228.4 million, and garments and textiles with $227.5 million.

Moreover, gems and precious metal exports expanded by 95.8%, whilst electric wires and cables rose by 98%, cameras, camcorders and components saw a boost of 148.9%, and clinker and cement went up by 87.9%.

In contrast, exports of a number of commodity groups to Australia, such as cashew nuts, coffee, and raw materials for textiles, along with leather and footwear, experienced a downward trajectory throughout the reviewed period.

Elsewhere, farm produce exports to Australia during the first half of the year enjoyed strong growth.



Category: Economy, Vietnam

Print This Post

Leave a Reply

You must be logged in to post a comment.