AsemconnectVietnam - According to the statistics figures of the General Department of Customs, the export turnover of Vietnamese goods to the Chinese market in May of 2023 reached more than 4.8 billion USD, up by 35.5% over the previous month.

Generally, in the first 5 months of this year, the figure reached 20.3 billion USD, down by 7.4% over the same period last year.
In May of 2023, phones and components were the group of products with the largest export turnover, reaching 710 million USD, up by 37.8% over the previous month, reaching 4.7 billion USD. In the first 5 months of this year, the figure was down by 15.3%, accounting for 23.3% of export proportion.
The next was the group of computers, electronic products and components with 1.3 billion USD, up by 69.3% compared to the previous month. The figure of the first 5 months of this year reached 4.6 billion USD, down by 1.4% compared to the same period last year, accounting for 22.7% of the total export proportion.
The groups of products with export turnover growing in the first five months of 2023 compared to the same period last year were fruits and vegetables increased by 78%; rice increased by 119.1%; cashew nuts up by 49.6%; gasoline increased by 113.5%; tea increased by 58.7%.
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, garment, rice, etc.
In fact, from the beginning of December of 2022, China begun to gradually relax measures to prevent and control Covid-19 and was expected to fully open the economy in the second quarter of 2023. Overall, this had a positive impact on the operations of many Vietnamese businesses.
CK
Source: VITIC