Monday, June 18,2018 - 8:50 GMT+7  Việt Nam EngLish 

Vietnam to speed up exports to Australia 

 Thursday, March 8,2018

AsemconnectVietnam - Australia is now the 8th biggest exporter and 12th biggest importer of Vietnam. Vietnam also the 14th biggest importer as well as exporter of Australia.

According to experts, in 2018 Australia will cut tax rates on goods imported from its partners in accordance with AANZFTA, so it will be a good opportunity for Vietnam to speed up exports to Australia.

In the first month of this year, Vietnam earned US$ 304.7 million from exports of goods to Australia, increased by 0.51 per cent compared with the previous month and by 40.37 per cent over the same month of last year. 

Crude oil was the leading item exported by the country to Australia in the month with 112,400 tons worth of $ 58.5 million, increased sharply by 327.51 per cent in quantity and 368.64 per cent in value compared with the same period last year. The figure was up by 49.48 per cent in quantity and 61.5 per cent in value compared with the last month of last year. The average crude oil export price in January was at $ 520.61 per ton, up by 8.05 per cent month – on – month and by 9.62 per cent year – on – year.

It was followed by telephones and components with $ 37.7 million, up by 11.67 per cent.
In the first month of this year, Vietnam’s exports of iron and steel of all kinds rocketed by 402.52 per cent; electric wires and cables – up by 317.4 per cent; and seafood – up by 104.47 per cent.

However, the exports of means of transport and spare parts to Australia decreased sharply by 53.36 per cent or $ 2.5 million.

Vietnam’s exports of goods to Australia in January of 2018 –
source: the General Department of Customs
Item
January of 2018
Vs. January of 2017 %)
Quantity (Ton)
Value (US$)
Quantity (%)
Value (%)
Total
 
304,776,574
 
40.37
Crude oil
112,498
58,567,030
327.51
368.64
Telephones and components
 
37,708,670
 
11.67
Computers, electronics and components
 
33,324,996
 
36.47
Machines, equipment and spare parts
 
22,253,545
 
78.2
Textiles and garments
 
18,320,916
 
4.13
Footwear of all kinds
 
18,232,661
 
11.72
Seafood
 
17,183,180
 
104.47
Wood and furniture
 
14,678,409
 
6.65
Iron and steel products
 
12,036,547
 
402.52
Cashew nuts
833
8,151,132
-8.26
-1.72
Coffee
2,526
4,768,014
125.33
78.87
Plastic products
 
4,650,247
 
30.43
Non – wooden products
 
4,295,508
 
63.06
Other ordinary metals and products
 
4,000,287
 
-22.49
Iron and steel of all kinds
5,042
3,738,096
-38.95
-14.4
Handbags, wallets, suitcases, hats and umbrellas
 
3,258,837
 
5.22
Fruit and vegetables
 
2,855,020
 
46.99
Chemical products
 
2,620,631
 
55.55
Means of transport and spare parts
 
2,596,892
 
-53.36
Paper and products
 
2,549,873
 
1.04
Toys, sports equipment and spare parts
 
2,284,709
 
-2.47
Confectionery and grain products
 
1,826,977
 
84.4
Pepper
207
1,307,967
53.33
7.68
Ceramic and porcelain products
 
1,218,288
 
19.78
Textile, garment, leather and footwear materials
 
1,149,070
 
44.39
Bamboo, rattan, sedge and carpet products
 
1,092,535
 
44.05
Rubber products
 
980,972
 
-12.62
Cameras, camcorders and components
 
746,134
 
 
Electric wires and cables
 
697,979
 
317.44
Precious stones, metals and products
 
545,777
 
-30.43
Plastics
383
510,697
-4.96
-7.46
Rice
607
396,693
-19.28
-3.39
Cement and clinker
612
73,520
-43.96
-7.53
CK
Source: VITIC

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