Uptick in exports to key African nations

Vietnam's exports to major African markets recorded high growth over the past five months of this year, the Vietnam Economic News reports.
Vietnam's exports to major African markets recorded high growth over the past five months of this year, the Vietnam Economic News reports.

Major export products included mobile phones and components, computers, electronic products, means of transport, machines and equipment, as well as footwear, garment, and construction materials.

South Africa remained Vietnam's largest importer, contributing 439 million USD to the country's export revenue, a year-on-year rise of 39 percent, the online newspaper reported, quoting statistics from the Department of Africa, West Asia, and South Asia Markets under the Ministry of Industry and Trade.

Vietnam's exports to Egypt also grew by 5 percent to 146.6 million USD while that to Ghana saw a yearly rise of 15 percent to 95.8 million USD.

During the reviewed period, Vietnam's exports to Tanzania obtained the highest growth of 150 percent to 37.5 million USD with rice, computers, and components being key items.

Meanwhile, the country also generated 22 million USD from its exports to Senegal, surging 49 percent against the corresponding period last year, and 17.2 million USD from Kenya, up 23 percent.

Conversely, its exports to some other markets in the bloc showed turnover declines.

The country's exports to Nigeria experienced the sharpest decrease of 44 percent on-year to hit 47.3 million USD as Vietnamese enterprises were worried about Nigeria's unstable political situation and the effects of Ebola epidemic.

Slumps in the shipment of rice and garment resulted in a 35 percent yearly decrease in the country's exports to Angola. During January-May period, Vietnam's exports to the market reached only 20.8 million USD.

Export earnings from Ivory Coast and Mozambique also plummeted modestly at 7 percent and 2 percent to 54.5 million USD and 25.2 million USD, respectively, mainly due to a fall in the turnover of major export items such as textile and garment, construction materials, and rice.-VNA

See more