Monday, March 30,2020 - 16:47 GMT+7  Việt Nam EngLish 

Vietnam – China imports and exports reached nearly 117 million USD 

 Wednesday, February 19,2020

AsemconnectVietnam - The imports and exports between Vietnam and China reached 116.866 billion USD in 2019, of which Vietnam's exports to China reached 41.414 billion USD and imported to 75.452 billion USD.

According to data from the General Department of Customs, in 2019, the total import-export turnover of all types of goods between Vietnam and China reached 517.26 billion USD, up by 7.6 per cent compared to 2018. Of the figure, the country’s exports of goods to China reached 264.19 billion USD, up by 8.4 per cent and imports of goods from China reached 253.07 billion USD, up by 6.8 per cent. Thus, the trade surplus amounted to 11.12 billion USD, the highest ever, up by 62.9 per cent compared to the previous year.

Among more than 200 countries and territories having import and export activities with Vietnam, China continued to be the largest market and 2019 was the second consecutive year the turnover between the two countries reached over 100 billion USD. Specifically, in 2019, the total import-export turnover between Vietnam and China reached 116.866 billion USD, of which Vietnam's exports were 41.414 billion USD and imports were 75.452 billion USD. Compared to 2018, the import-export turnover between Vietnam and China increased by more than 10 billion USD (the figure in 2018 was 106,706 billion USD).

Thus, China alone accounted for 22.6 per cent of the country's total import-export turnover in 2019. Especially, the country’s imports of goods from China accounted for nearly 30 per cent of the country's total import turnover. However, the increase in turnover was mainly from a sharp increase in imports from China, while Vietnam's exports to this neighboring country increased insignificantly.
In 2019, Vietnam's import value from China increased by 10.014 billion USD, while the country’s exports to China only increased by nearly 150 million USD. Therefore, the trade balance of our country with China had a huge deficit of more than 34 billion USD.

In the history of foreign trade relations of Vietnam, China was the first trading partner with the trade exchange of over 100 billion USD. This milestone was set in 2018 as mentioned above. Specifically, in 2018, Vietnam's total export turnover to China reached 41,268 billion USD, an increase of 5,864 billion USD compared to 2017, with a growth rate of 16.6 per cent. Meanwhile, the import value from this neighboring country reached 65,438 billion USD, up by 6,846 billion USD, equivalent to an increase of nearly 11,7 per cent. Thus, the total trade turnover of the two countries reached 106,706 billion USD, an increase of 12.71 billion USD compared to 2017. In 2018, the Chinese market alone accounted for 22.23 per cent of total import-export turnover of the whole country.

Vietnam’s
exports of goods to China in 2019 -source: VITIC – according to the figures of the General Department of Customs – Unit: USD
Item
December of 2019
Vs. November of 2019 (%)
2019 (USD)
Vs. 2018 (%)
Percentage (%)
Total
4,255,842,491
0.51
41,414,093,484
0.35
100
Computers, electronics and components
1,088,433,774
20.51
9,557,546,067
14.27
23.08
Phones and accessories
935,519,596
-19.41
8,293,172,693
-11.54
20.03
Fruit and vegetables
187,739,158
14.82
2,429,651,672
-12.72
5.87
Fibers of all kinds
212,398,450
4.36
2,400,738,283
8.33
5.8
Footwear of all kinds
147,023,355
-24.01
1,780,945,065
19.36
4.3
Textiles and garments
138,717,037
2.27
1,594,179,704
3.47
3.85
Machines, equipment and spare parts
170,984,976
10.01
1,584,339,775
7.58
3.83
Rubber
204,027,633
4.31
1,551,436,953
13.11
3.75
Cameras, camcorders and components
46,151,253
-39.04
1,533,925,720
-45.24
3.7
Seafood
128,509,820
-1.15
1,230,561,031
23.56
2.97
Wood and furniture
120,518,682
45.2
1,162,732,880
8.43
2.81
Cassava and products
102,289,092
-1.91
864,031,400
2.33
2.09
Cement and clinker
97,774,694
14.51
629,891,196
70.65
1.52
Electric wires and cables
67,944,648
-8.47
621,269,702
1.12
1.5
Cashew nuts
71,413,617
-2.45
590,423,380
30.6
1.43
Crude oil
20,250,484
-63.35
573,581,978
-3.51
1.38
Chemicals
34,414,167
0.67
490,180,919
-0.63
1.18
Plastics
38,974,214
9.25
433,417,169
-7.7
1.05
Petroleum of all kinds
33,084,049
25.6
384,392,229
15.92
0.93
Textile, garment, leather and footwear materials
23,037,244
-2.58
318,132,994
10.59
0.77
Means of transport and spare parts
24,083,455
-19.35
288,099,756
6.99
0.7
Rice
14,999,537
10.82
240,391,971
-64.82
0.58
Other ordinary metals and products
32,874,464
50.75
223,491,065
48
0.54
Chemical products
18,003,241
-20.47
222,074,799
56.19
0.54
Paper and products
34,048,297
53.27
213,267,001
-11.23
0.51
Iron and steel of all kinds
55,583,609
9.99
192,634,506
1.849.05
0.47
Animal feed and materials
12,432,595
-1.34
182,596,496
-15.01
0.44
Handbags, wallets, suitcases, hats and umbrellas
18,283,383
88.78
159,319,786
-2.91
0.38
Plastic products
11,680,359
-5.92
148,732,212
37.06
0.36
Coffee
11,648,619
8.33
101,137,305
-7.67
0.24
Iron and steel products
5,945,700
3.8
89,150,869
49.18
0.22
Rubber products
7,568,888
13.18
82,138,342
-8.48
0.2
Ores and other materials
5,108,438
92.32
76,671,479
0.28
0.19
Confectionery and grain products
5,990,636
-4.1
74,311,376
-4.33
0.18
Toys, sports equipment and spare parts
4,702,063
-4.52
51,452,269
28.05
0.12
Tea
1,130,183
59.67
23,801,236
21.02
0.06
Ceramic and porcelain products
2,403,968
-10.12
22,251,867
30.52
0.05
Glass and products
1,976,843
32.58
20,526,391
-45.76
0.05
Non- wooden furniture
1,664,202
-26.12
20,484,141
43.46
0.05
Bamboo, rattan,sedge and carpet products
860,881
0.12
11,137,418
-7.09
0.03
Other technical materials
1,076,511
29.92
10,676,825
-9.42
0.03
Others
114,570,674
41.4
935,195,563
 
2.26
CK
Source: VITIC

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