Vietnam’s export markets in Africa keep expanding, with the mostimportant being South Africa, Egypt, Ivory Coast, Nigeria and Ghana, theVietnam Business Forum reported.
According to the General Department of Vietnam Customs, Vietnam’s exports to Africa in 2013 soared 34 percent year on year.
InJanuary 2014, the country’s exports to Africa valued at 151.6 millionUSD, up nearly 12 percent year on year. South Africa took the lead with70.3 million USD, followed by Algeria (23.3 million USD), Egypt (23million USD), Nigeria (13.2 million USD) and Ghana (10.5 million USD).
Fast-growing exports were mobile phones, rubber, fibre, coffee and computers.
The biggest forex earners were rice, apparel, seafood, coffee, mobile phones and tobacco materials.
Meanwhile,Vietnam’s import spending in January 2014 with Africa was 24 millionUSD, West Asia (149.3 million USD) and South Asia (270 million USD). Itskey imports were plastic materials, animal feed, cotton, fibre andpharmaceuticals.
Rice contributed 30 percent of Vietnam’s exportturnover with Africa. The continent is forecast to spend 1 billion USD ayear on rice and this market is a potential market for Vietnamese rice.Ghana, Senegal, Ivory Coast, and Nigeria are major buyers of Vietnameserice.
Apparels accounted for 15 percent of the country’s exports to Africa.
Vietnam’s garments and textiles were shipped to South Africa, Angola, Nigeria, Ethiopia, Benin, and Madagascar.
Seafood ranked third, while Tra fish is a popular food in this continent, led by Egypt, Nigeria, Algeria and Tunisia.
Inaddition to traditional items like footwear, coffee, pepper and rubber,in recent years, Vietnam shipped more new items to this continent,including electrical - electronic, mechanical, plastic woodwork,motorcycle, cigarettes, fruit and vegetable, spice powder, monosodiumglutamate, children's toys, noodles, milk and bike. Nevertheless, thevalue was not high.
In the coming time, Vietnam will boostshipments of high-valued electronics, electric devices, household goods,consumer goods, foodstuffs, canned foods, mechanical products andplastics products in addition to traditional items like footwear,apparel and seafood.
In return, Africa is a supplier of timbers, cotton, cashew nuts, metals, gold and scrap iron for Vietnam.-VNA
According to the General Department of Vietnam Customs, Vietnam’s exports to Africa in 2013 soared 34 percent year on year.
InJanuary 2014, the country’s exports to Africa valued at 151.6 millionUSD, up nearly 12 percent year on year. South Africa took the lead with70.3 million USD, followed by Algeria (23.3 million USD), Egypt (23million USD), Nigeria (13.2 million USD) and Ghana (10.5 million USD).
Fast-growing exports were mobile phones, rubber, fibre, coffee and computers.
The biggest forex earners were rice, apparel, seafood, coffee, mobile phones and tobacco materials.
Meanwhile,Vietnam’s import spending in January 2014 with Africa was 24 millionUSD, West Asia (149.3 million USD) and South Asia (270 million USD). Itskey imports were plastic materials, animal feed, cotton, fibre andpharmaceuticals.
Rice contributed 30 percent of Vietnam’s exportturnover with Africa. The continent is forecast to spend 1 billion USD ayear on rice and this market is a potential market for Vietnamese rice.Ghana, Senegal, Ivory Coast, and Nigeria are major buyers of Vietnameserice.
Apparels accounted for 15 percent of the country’s exports to Africa.
Vietnam’s garments and textiles were shipped to South Africa, Angola, Nigeria, Ethiopia, Benin, and Madagascar.
Seafood ranked third, while Tra fish is a popular food in this continent, led by Egypt, Nigeria, Algeria and Tunisia.
Inaddition to traditional items like footwear, coffee, pepper and rubber,in recent years, Vietnam shipped more new items to this continent,including electrical - electronic, mechanical, plastic woodwork,motorcycle, cigarettes, fruit and vegetable, spice powder, monosodiumglutamate, children's toys, noodles, milk and bike. Nevertheless, thevalue was not high.
In the coming time, Vietnam will boostshipments of high-valued electronics, electric devices, household goods,consumer goods, foodstuffs, canned foods, mechanical products andplastics products in addition to traditional items like footwear,apparel and seafood.
In return, Africa is a supplier of timbers, cotton, cashew nuts, metals, gold and scrap iron for Vietnam.-VNA
