According to Vietnam’s “Investment News” report on September 15, Vietnam’s General Administration of Customs announced that as of the end of August, Vietnam’s exports to China were US$33.35 billion, a year-on-year increase of 22.3%, accounting for 10% of the country’s exports. 15.6% of the total. The main export commodities are: phones and accessories (USD 8.06 billion, an increase of 65%), computers, electronic products and accessories (USD 6.62 billion, a decrease of 8%).
Vietnam’s imports from China were US$72.04 billion, a year-on-year increase of 46.1%, accounting for 33.3% of the country’s total imports. The main imported goods are: mechanical and electrical equipment and accessories (USD 16.73 billion, an increase of 71%), computers, electronic products and accessories (USD 13.49 billion, an increase of 34%), telephones and accessories (USD 5.83 billion, an increase of 62%), Textile clothing and footwear raw and auxiliary materials (including cotton, cloth, textile yarn, clothing and footwear raw and auxiliary materials totaling US$9.2 billion, an increase of 35%).
In the first eight months, the cumulative bilateral trade volume between China and Vietnam reached US$105.39 billion. China is Vietnam’s first and only trading partner to exceed the US$100 billion mark. Vietnam’s trade deficit with China is nearly US$39 billion.
