April 18, 2025 | 12:12 GMT +7
Hotline: 0913.378.918
April 18, 2025 | 12:12 GMT +7
Hotline: 0913.378.918
Australia increased purchases of Vietnamese wooden furniture while sharply decreasing import from China.
According to International Trade Centre (ITC), in January 2022, Australia sharply decreased its imports of wooden furniture from China, the largest wooden furniture supplier market.
Specifically, China’s wooden furniture imported into Australia reached $101.3 million, down 19.8% compared to December 2021, down 12.1% compared to January 2021. China import’s proportion accounted for 66.9%, down 2.9 percentage points compared to the same period in 2021.
While reducing imports from China, Australia increased imports from Vietnam, the second-largest supplier of wooden furniture, in January 2022, import from Vietnam reached $19.2 million, up 16.8% compared to December 2021, up 0.1% compared to January 2021.
Vietnam import’s proportion accounted for 12.7% of Australia's total wooden furniture import, up 1.1 percentage points over the same period in 2021.
Australia is one of the 10 largest markets for Vietnam's wood industry. In 2021, the export value of wood and wood products to Australia reached $169 million.
Translated by Hoang Duy
(VAN) Vietnam is regarded as one of the gateways to enter the Halal market in the Asia-Pacific region, which has the world’s largest Muslim population.
(VAN) With an annual production scale of around 5 million tons, Vietnam has enough potential to transform rice bran into a key export commodity if combined with deep processing.
(VAN) As the world’s largest consumer of bird’s nest products, China is gradually becoming a 'golden' market for Vietnamese bird’s nests.
(VAN) Deputy Minister Phung Duc Tien has directed the fishery sector to diversify its farming objectives during the conference reviewing Q1 performance and outlining tasks for April and Q2/2025.
(VAN) Consumption and production falls in almost every market as industry fears a ‘generational’ change in drinking habits.
(VAN) U.S. President Donald Trump's trade war with China comes at a bad time for sorghum growers like Dan Atkisson in Kansas, who is nevertheless preparing to increase plantings by 25% this spring.
(VAN) Japan will sell more rice from its emergency stockpile through July in an attempt to stabilise soaring prices, the agricultural minister said.
