VN-Australia two-way trade value up nearly 30%

10:30 | 25/11/2014

VGP – Viet Nam continues to enjoy a trade surplus of US$1.5 billion from Australia over the first nine months of 2014, according to the Viet Nam Commercial Affairs in Australia.

The trade relations between the two nations have progressed remarkably since their comprehensive partnership was set up in 2009.

In the reviewed period, the two sides’ trade reached US$4.6 billion, a year-on-year rise of 29.2%.

Viet Nam earned US$3.05 billion from exporting to Australia, up 25%.

The country mainly exports crude oil, computers, electrics, phones and spare parts and imports wheat, metal, iron and steels, cotton and other minerals from Australia.

Russia was the sixth largest trade partner of Viet Nam in the Europe over the past 10 months of 2014, according to the Viet Nam Customs.

The European nation ranked 23rd among the trade partners with Viet Nam in the world, holding the positions of 25thand 19th in terms of exports and imports with Viet Nam.

As of October this year, the two countries’ two-way trade reached US$2.21 billion, down 5.8% compared to the same period last year.

Viet Nam’s exports to and imports from Russia were US$1.44 billion and US$768 million, down 10.6% and up 4.5%, respectively.

The nation mainly exports phones, computers, electronic products and spare parts, aquatic items, garments, footwear, vegetables, coffee and peppercorn and imports oil, fertilizer, iron and steel, machines and equipment from Russia.

By Thuy Dung