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Vietnam’s exports to Africa rise 172 percent

Vietnam’s export turnover to Africa reached US$2.6 billion in the first seven months of this year, up 172 percent from the same period last year.

Vietnam’s export turnover to Africa reached US$2.6 billion in the first seven months of this year, up 172 percent from the same period last year.

Rice remained Vietnam’s key export item to the African market, accounting for 25-30 percent of the country’s annual total export rice.

Africa was one of the key markets, where Vietnam had maintained a trade surplus, reaching nearly US$1.88 billion in the reviewed period, according to the General Customs Department.

Vietnam’s exports to some markets increased considerably, such as South Africa (by six-fold to US$1.5 billion), and Senegal (by three-fold to US$154 million).

Exports to Egypt and Ghana also saw positive increases, posting 36 percent to US$75 million and 27 percent to US$124 million, respectively.

Rice remained Vietnam’s key export item to the African market, accounting for 25-30 percent of the country’s annual total export rice. Senegal was Vietnam’s largest rice importer on the African continent, spending US$143 million. It was followed by Ivory Coast and Ghana with US$86 million and US$56 million, respectively.

African countries are expected to import about 9.8 million tonnes of rice from Vietnam for the whole year, a year-on-year increase of 2 percent.

In addition to rice, Vietnam’s other export items such as apparel, footwear, seafood, telephone and accessories won firm footholds in the African market.

Source: VOV
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