Uptick in exports to key African nations
Uptick in exports to key African nations
Viet Nam's exports to major African markets recorded high growth over the past five months of this year, the Vietnam Economic News reports.
Major export products included mobile phones and components, computers, electronic products, means of transport, machines and equipment, as well as footwear, garment, and construction materials.
South Africa remained Viet Nam's largest importer, contributing US$439 million to the country's export revenue, a year-on-year rise of 39 per cent, the online newspaper reported, quoting statistics from the Department of Africa, West Asia, and South Asia Markets under the Ministry of Industry and Trade.
Viet Nam's exports to Egypt also grew by 5 per cent to $146.6 million while that to Ghana saw a yearly rise of 15 per cent to $95.8 million.
During the reviewed period, Viet Nam's exports to Tanzania obtained the highest growth of 150 per cent to $37.5 million with rice, computers, and components being key items.
Meanwhile, the country also generated $22 million from its exports to Senegal, surging 49 per cent against the corresponding period last year, and $17.2 million from Kenya, up 23 per cent.
Conversely, its exports to some other markets in the bloc showed turnover declines.
The country's exports to Nigeria experienced the sharpest decrease of 44 per cent on-year to hit $47.3 million as Vietnamese enterprises were worried about Nigeria's unstable political situation and the effects of Ebola epidemic.
Slumps in the shipment of rice and garment resulted in a 35 per cent yearly decrease in the country's exports to Angola. During January-May period, Viet Nam's exports to the market reached only $20.8 million.
Export earnings from Ivory Coast and Mozambique also plummeted modestly at 7 per cent and 2 per cent to $54.5 million and $25.2 million, respectively, mainly due to a fall in the turnover of major export items such as textile and garment, construction materials, and rice.
