Trade surplus with Australia over 924 million USD in 6 months

Vietnam's main exports to the Australian market include crude oil, phones and components, seafood, wood and wood products...

According to the General Department of Customs, two-way import-export turnover between Vietnam and Australia in the first 6 months of 2014 reached 2.87 billion USD, an increase of 28.4% over the same period in 2013.

Of which, export turnover reached 1.89 billion USD, up 24.3%; import reached 971.56 million USD, up 37.3%. Vietnam continued to have a trade surplus with Australia of more than 924 million USD in the first 6 months of the year.

Vietnam exports to the Australian market main items including crude oil, phones and components, seafood, wood and wood products, textiles, footwear, machinery, equipment, tools, other spare parts, cashew nuts, etc.

In general, most types of goods exported to Australia increased in value compared to the same period last year.

Vietnam's top export to Australia is crude oil with export turnover reaching 989 million USD, up 44.1% over the same period last year.

Ranked second in terms of export turnover are phones of all kinds and components, with export value in the first 6 months of the year reaching 184.75 million USD, up 21% over the same period.

Next is seafood products, export turnover in the past 6 months reached 104.55 million USD, up 36.5%.

Notably, iron and steel products of all kinds, although the turnover only reached over 19.26 million USD, had the highest growth rate in the first 6 months of 2014 compared to the same period in 2013 with 215.6%. In addition, some products had quite good growth in export turnover to Australia such as confectionery and cereal products increased by 51.3%, handbags, wallets, suitcases, hats, umbrellas increased by 49.8%, rattan, bamboo, sedge, carpet products increased by 46.2%, textiles increased by 44.4%, iron and steel products increased by 39.4%...

In 6, only a few items had a decrease in turnover compared to the same period, such as: computers, electronic products and components decreased by 45.5%, coffee decreased by 13.3%, plastic raw materials decreased by 11%, means of transport and spare parts decreased by 8.9%...

Of the 10 items with the largest turnover from Australia to Vietnam, 8 are machinery and input materials for production such as wheat, other base metals, scrap iron and steel, coal, textile and garment raw materials, footwear, machinery, equipment, tools, other spare parts, ores and other minerals, chemical products...

The items with strong import turnover growth compared to the same period are also input products for production, including: other petroleum products increased by 123.9%, iron and steel scrap increased by 101.8%, textile and footwear raw materials increased by 88.9%, plastic raw materials increased by 83.9%, cotton of all kinds increased by 61.5%.

This is a positive sign that domestic manufacturing industries are recovering and shifting the input material supply market./.

According to vov