Vietnam's textile-garment export to Australia grows by 42.23% in 2021
05 Feb 22 1 min read
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.
Advertisement
Export of leather and footwear, machinery and equipment spare parts also continued to increase remarkably, according to a news agency.
Fibre2Fashion News Desk (DS)
Popular News
|
|
China’s textile & garment exports see modest growth in Jan-Mar 2024 |
|
|
Vietnam's economy to see gradual recovery in 2024: World Bank |
|
|
New garment accessory factory to create 20,000 jobs in Kenya |
|
|
ICE cotton prices fall further amid weak sentiments, demand concerns |
|
|
Vietnam’s textile & apparel sector sees FDI revival: Reports |
|
|
The LYCRA Company launches FashionFarmers media campaign on Earth Day |
