Friday, June 23, 2017

Business - Economics

Merchandise trade

Vietnam's merchandise exports to Australia in 2005-2006 totalled A$4.2 billion, a 34 per cent increase on the previous year. In the 11 months to November 2006, Vietnam’s merchandise exports to Australia grew almost 50 per cent compared to the same period of 2005, to almost A$4.6 billion. Almost all of the increase came from another large surge in the value of oil imports (driven predominantly by increased prices). Significant items of Vietnam’s exports to Australia in 2005 - 2006 were:
  • Crude petroleum - A$3520 million (Constituted 83% of total exports)
  • Seafood - A$79 million
  • Fruit and nuts - A$76 million
  • Furniture - A$67 million

Vietnam’s merchandise imports from Australia in 2005-2006 totaled A$915 million, representing a yearly increase of 29 per cent. Significant items of Vietnam’s imports from Australia in 2005 - 2006 were:

  • Non-monetary gold - A$214 million
  • Copper - A$117 million
  • Aluminium - A$68 million 
  • Wheat – A$54 million
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