Vietnam has seen a trade surplus of over 924 million USD withAustralia in the first half of this year, the General Department ofCustoms said.
During the January to June period,Vietnamese exports to Australia rose 24.3 percent year-on-year,reaching 1.89 billion USD, it said, adding that a majority of Vietnam's exported goods to the market had enjoyed an increased turnover overlast year's corresponding period.
In the first half of 2014,Vietnam imported over 971.56 million USD worth of goods from Australia,surging 37.3 percent, with major imports including wheat, iron and steelscrap, materials for garment and footwear production, machinery,equipment and cotton.
Crude oil export took the lead with a valueof 989 million USD, a yearly rise of 44.1 percent. It was followed bymobile phone and component export with 185 million USD, up 21 percentand seafood export with 105 million USD, up 36.5 percent.
Notably,despite generating a modest export turnover of 19.3 million USD, steeland iron recorded the highest growth of 215.6 percent compared with thesame time last year. Other export items such as confectionery, bags,wallets and suitcases, bamboo-made products as well as textiles andgarments also experienced encouraging growths.
TheMinistry of Industry and Trade's Industry and Trade Information Centresaid that the closer geographic distance as compared with other marketssuch as the EU and US, and the ASEAN-Australia-New Zealand Free TradeAgreement (AANZFTA), would facilitate Vietnamese exports to Australia.-VNA
During the January to June period,Vietnamese exports to Australia rose 24.3 percent year-on-year,reaching 1.89 billion USD, it said, adding that a majority of Vietnam's exported goods to the market had enjoyed an increased turnover overlast year's corresponding period.
In the first half of 2014,Vietnam imported over 971.56 million USD worth of goods from Australia,surging 37.3 percent, with major imports including wheat, iron and steelscrap, materials for garment and footwear production, machinery,equipment and cotton.
Crude oil export took the lead with a valueof 989 million USD, a yearly rise of 44.1 percent. It was followed bymobile phone and component export with 185 million USD, up 21 percentand seafood export with 105 million USD, up 36.5 percent.
Notably,despite generating a modest export turnover of 19.3 million USD, steeland iron recorded the highest growth of 215.6 percent compared with thesame time last year. Other export items such as confectionery, bags,wallets and suitcases, bamboo-made products as well as textiles andgarments also experienced encouraging growths.
TheMinistry of Industry and Trade's Industry and Trade Information Centresaid that the closer geographic distance as compared with other marketssuch as the EU and US, and the ASEAN-Australia-New Zealand Free TradeAgreement (AANZFTA), would facilitate Vietnamese exports to Australia.-VNA
