(13th Congress) - Bilateral trade between Vietnam and Australia in January 2021 increased 39.92% compared to the same period last year, reaching an estimated 873 million USD, including almost 391 million USD worth of Vietnam’s exports to Australia, according to statistics of the General Department of Vietnam Customs.
Photo for illustration. (Source: VNA)
Exports of commodities from Vietnam to Australia tend to increase rapidly, especially in the context of the COVID-19 pandemic affecting world trade.
Aside from stable export growth of items such as timber, wooden products, toys, plastic products, electrical wiring and cables, textiles-garment and footwear, Vietnam’s agricultural and aquatic products are also gradually winning over consumers in Australia, one of the world’s most demanding markets.
January’s aquatic exports to the market shot up 106.09% year-on-year, while shipments of farm produce rose 37.16%.
Earlier, during the Lunar New Year, Vietnamese Tet goods were sold well at Asian supermarkets and Australia’s major supermarkets. In 2020, although the Australian market reduced its overall imports by 5.14%, Vietnam’s exports to the market still grew by 2.65%.
The Vietnamese trade office in Australia said that thanks to increasing cooperation between the two governments, bilateral investment and trade links have also improved considerably./.
BTA