Vietnam-New Zealand trade to reach $2 Billion by FY22-23
Recently, the New Zealand's prime minister, Jacinda Ardern paid a visit to Vietnam in order to strengthen the bilateral trade with Vietnam. Both the nations are planning to expand the bilateral trade to $2 billion by 2024 with year on year basis. Delegates from both sides have invested in manufacturing, aviation, consulting sectors. As per the Vietnam customs data reports, Vietnam exports to New Zealand are growing at the rate of 19% annually. According to the Vietnam import export data , the key exports from Vietnam to New Zealand were mainly Electrical, Electronics Equipment, Footwear, Machinery, Furniture and Edible Fruits, Nuts in 2022. Broadcasting equipment covers over 30% of the total Vietnamese exports to New Zealand. Textile footwear, Leather footwear, Coconuts, Cashews, Cleaning goods and Cargo Ships were the emerging products exported from Vietnam. In the financial year 2022, Vietnam exports to New Zealand were around 946 million dollars. On the other hand, Viet...