December 22, 2024 | 16:10 GMT +7
Hotline: 0913.378.918
December 22, 2024 | 16:10 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) The USMCA dispute panel ruled in favor of the United States on Friday, stating Mexico violated the trade agreement with its decree to ban GMO corn.
(VAN) According to information from the Plant Protection Department (Ministry of Agriculture and Rural Development), Vietnam and the United States are negotiating plant quarantine measures for fresh passion fruit.
(VAN) Vietnam's livestock industry is still grappling with the challenge of limited export potential, in addition to its accomplishments.
(VAN) In its first forecast for the 2025 EU-27+UK grain crop, COCERAL foresees a 7% increase in production over the previous year.
(VAN) For the first time, the Philippines has become the leading destination for Brazilian pork exports surpassing China, the main destination since 2018. Before that, Russia lead this ranking for over a decade.
(VAN) In 11 months, fruit and vegetable exports to China reached more than USD 4.3 billion (VND 108,000 billion), up 28% over the same period in 2023, the highest ever.
(VAN) It's a version of a much-discussed process to capitalize on some rocks' natural tendency to capture CO2.
