VCN – Compared to the same period last year, import and export turnover between Vietnam and China increased by US$12.55 billion. However, Vietnam still experiencing a large trade deficit from neighboring countries.
|Sketched by T.Bình|
According to the General Department of Vietnam Customs, US$162.06 billion is the total import and export turnover between Vietnam and China by the end of November.
Accordingly, Vietnam’s exports reached nearly US$52.6 billion, rising nearly 5% over the same period last year, equivalent to nearly US$2.5 billion in turnover.
On the other hand, Vietnam’s imports were US$109.46 billion, growing 10.12%, equivalent to a turnover of more than US$10 billion.
Currently, China is Vietnam’s largest trading partner, in the past 11 months, this market accounted for 24% of the total import and export turnover of Vietnam.
With the above position, the import and export goods between the two countries are diverse and abundant. In particular, many groups reached US$1 billion or more.
Main export goods of Vietnam have included phones and components; computers, electronic products and components; cameras; devices; vegetables; seafood; and rubber.
Meanwhile, Vietnam imports from China many commodity groups such as computers, electronic products and components; machinery, equipment, tools and spare parts; textile raw materials, and leather shoes.
Notably, Vietnam’s trade deficit is still very large which reaches nearly US$57 billion.
By Thái Bình/Thanh Thuy