Viet Nam posts $1.22bn trade surplus with Australia

Thursday, Sep 04, 2014 08:00

Illustrative image/Photo sggp

HA NOI (Biz Hub) — Viet Nam recorded a US$1.22 billion trade surplus with Australia over the past seven months, the Viet Nam Trade Office in Australia reported.

During the period, Vietnamese exports to the market jumped 38.2 per cent year-on-year to $2.39 billion. Key exports other than crude oil, telephones and components, seafood and cashew nuts include timber, garments and textiles, footwear and machinery and equipment.

Meanwhile, the country imported $1.18 billion worth of goods from Australia. Besides timber products, the imports include plastic materials, oil, steel scraps and minerals, as well as input materials for the garment and footwear industries. — VNS

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