Vietnam’s exports to Indonesia up 70% in first half
Vietnam’s total export turnover to Indonesia in the first half of this year reached over US $766 million, up 70% against the same period last year, according to Vietnamese Trade Office in Indonesia.
Most notably, in the first six months of this year, Vietnam exported 40,453 tonnes of coffee worth more than US $59 million, up 45 times in quantity and 53.6 times in turnover. During the period, the country exported some 644,000 tonnes of rice to Indonesia, earning nearly US $209 million, up 7.14 times in quantity and 8.18 times in turnover.
Other exported products also saw high increases in export turnover include tea, rubber, crude oil, footwear, textiles and garments and furniture.
Exports of pepper and coal decreased in quantity but the turnover remained up due to price hikes.
In recent years especially, Vietnam failed to export peanuts to the Indonesian market. However, in the first half of 2007, Vietnam exported over 5,600 tonnes of peanuts worth over US $3.5 billion to Indonesia.
Vietnamese sugar and ceramics are the two newest export products to Indonesian market, thus contributing to increasing total export turnover and diversifying export items.
During the period, Vietnam paid nearly US $606 million for imports from Indonesia. (Nhan Dan)