Vietnam-Australia trade turnover reached $12.4 bn in 2021 for the first time, a rise of nearly 50 percent compared to 2020. Vietnam’s export turnover to Australia topped $4.45 bn—up by 23 percent—while its import was $7.95 bn, a year-on-year rise of 70 percent. The textile-garment sector witnessed an export growth rate of 42.23 percent. 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. Export of leather and footwear, machinery and equipment spare parts also continued to increase remarkably, according to a report.
