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.
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