Business

Exports to Australia rising sharply

Despite the COVID-19 pandemic’s impact on global trade, Vietnam’s exports to Australia grew 62.08 percent year-on-year in January to almost 391 million USD, data shows.
Exports to Australia rising sharply ảnh 1Timber and wood products are among Vietnamese items enjoying stable groth in exports to Australia (Photo: VNA)
Sydney (VNA) - Despite the COVID-19pandemic’s impact on global trade, Vietnam’s exports to Australia grew 62.08percent year-on-year in January to almost 391 million USD, data shows.

Bilateral trade increased 39.92 percent againstJanuary 2020 to approximately 873 million USD, according to the GeneralDepartment of Vietnam Customs.

Aside from stable export growth of items such astimber, wooden products, toys, plastic products, electrical wiring and cables,textiles-garment, and footwear, Vietnam’s agricultural and aquatic products arealso gradually winning over consumers in Australia, one of the world’s mostdemanding markets.

January’s aquatic exports to the market shot up106.09 percent year-on-year while shipments of farm produce rose 37.16 percent.

The Vietnamese trade office in Australia said thatthanks to increasing cooperation between the two governments, bilateral investmentand trade links have also improved considerably.

It noted that, in 2020, there was a surge in thenumber of Australian businesses seeking Vietnamese partners via the tradeoffice. Most highly value the quality of Vietnamese products and wish to expandtheir market and diversify supply sources.

Under guidance from the Ministry of Industry andTrade, the trade office will step up its action plan to further supportbilateral trade in the time ahead, it added./.
VNA
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