AsemconnectVietnam - According to the statistics figures of the General Department of Customs, the export turnover of Vietnamese goods to the Chinese market in March of 2023 reached more than 4.5 billion USD, down by 27.4% compared to the previous month.

Generally, in the first 3 months of this year, the figure reached 11.9 billion USD, down by 11.2% over the same period last year.
In March of 2023, phones and components were the group of products with the largest export turnover, reaching 941.3 million USD, an increase of 5.8% compared to the previous month, and accounting for 29.5% of export proportion. The next was the group of computers, electronic products and components with 1.3 billion USD, up by 136% compared to the previous month. The figure of the first 3 months reached 2.4 billion USD, down by 19.6% over the same period last year, accounting for 20.1% of the total export proportion.
Several groups of products saw export turnover growing in the first three months of 2023 compared to the same period last year, such as fruits and vegetables increased by 26.2%; rice increased by 119.1%; cashew nuts up by 95.4%; gasoline increased by 124.7 %; tea increased by 430.3%.
China was the main consumption market of many export industries of our country. Therefore, the reopening of the market by China from the beginning of 2023 brings great expectations for businesses and industries, especially vegetables, seafood, fiber, cement, rubber, steel, and textiles and garment, rice, etc.
In fact, from the beginning of December of 2022, China has begun to gradually relax measures to prevent and control Covid-19 and is expected to fully open the economy in the second quarter of 2023. Overall, this will have a positive impact on the operations of many Vietnamese businesses.
CK
Source: VITIC