Vietnam-Australia trade turnover reached $12.4 billion in 2021 for the first time, a rise of nearly 50 per cent compared to 2020. Vietnam's export turnover to Australia topped $4.45 billion—up by 23 per cent—while its import was $7.95 billion, a year-on-year rise of 70 per cent. The textile-garment sector witnessed an export growth rate of 42.23 per cent.With this, Vietnam becomes Australia’s 12th biggest trading partner and Australia is Vietnam's 10th biggest.
Despite the impact of the COVID-19 pandemic, most exports to Australia achieved impressive growth, according to the Vietnam Trade Office in Australia.
Vietnam-Australia trade turnover reached $12.4 billion in 2021 for the first time, a rise of nearly 50 per cent compared to 2020. Vietnam's export turnover to Australia topped $4.45 billion—up by 23 per cent—while its import was $7.95 billion, a year-on-year rise of 70 per cent. The textile-garment sector witnessed an export growth rate of 42.23 per cent.#
Export of leather and footwear, machinery and equipment spare parts also continued to increase remarkably, according to a news agency.
Fibre2Fashion News Desk (DS)
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