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Home News VN’s exports to North Africa rise 50%

VN’s exports to North Africa rise 50%

alt Viet Nam’s export turnover to six countries in North Africa in the recent 11 months of 2012 is estimated at over US $500 million, up nearly 50% against the same period in 2011 and accounting for one fourth of the export turnover to African countries.
North Africa, including Egypt, Algeria, Morocco, Libya, Tunisia and Sudan, is evaluated as one of crucial export markets of Viet Nam, according to the Action Plan of the Ministry of Industry and Trade.

In the last 10 months of 2012, Egypt continued to be the second largest importers of Vietnamese exports, with the turnover of US$268.39 million, up 28%. The main products exported there include seafood (US$69.35 million), peppercorn (US$34.35 million) and fiber (US$30 million). The export turnover of Viet Nam to Egypt is expected to reach more than US$300 million in 2012.

Viet Nam earned US$129.968 million from Morocco in the same period, up 206%, thanks to such exports as coffee (up 108%), garment (up 84%), electronics (up 1,245%), iron and steel (up 609%) and rubber (up 29.4%).

Viet Nam’s export turnover to Algeria increased 34% compared to the same period in 2011, achieving US$106.8 million with two main products of coffee (US$51.43 million) and rice (US$29.72 million).

Exports to other markets such as Tunisia, Libya and Sudan obtained remarkable growth rates of 200%, 400% and 32% respectively.

By Thuy Dung (VGP News)

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