The previous bilateral trade volume between China and Vietnam exceeded the US$100 million mark
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.
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