Vietnam got over 8 billion USD in trade exchange with China
Wednesday, May 15,2019AsemconnectVietnam - According to preliminary statistics from the General Department of Customs, Vietnam's imports of goods from the Chinese market from the beginning of the year to the end of March 2019 reached 16.29 billion USD, up by 18.76 per cent over the same period in 2018.
Vietnam imported from China several items such as machinery and equipment, computers, products, fabrics of all kinds, telephones and components. The imports of the above items reached over 1 billion USD and all saw year – on - year growth. In particular, the imports of machinery and equipment and spare parts reached 3.2 billion USD, accounting for 19.74 per cent of the total and increased by 26.91 per cent year – on -year. Meanwhile, the imports of computers and electronic products and components from China reached 2.77 billion USD, up by 70.82 per cent. The imports of fabrics of all kinds reached 1.6 billion USD, up by 15.47 per cent; phone and and components - 1.4 billion USD, down by 26.18 per cent.
So at the end of the first quarter of 2019, Vietnam saw a trade deficit of 8.6 billion USD in trade exchange with China. The country’s imports of complete - built cars increased sharply by 5.5 times in volume (respectively 452,778%) and by 8.6 times in value (763.5% respectively) compared with the same period last year to 995 units, worth 41.15 million USD. The average import price was at 41,361.93 USD per unit, up by 56.21 per cent. In addition, Vietnam also increased the imports of ordinary metals with 199.5 million USD, up by 2.3 times (equivalent to 128.63 per cent).
Imports from China in the first quarter of 2019 – source: The General Department of Customs
Item
|
First quarter of 2019
|
+/- Vs. same period of 2018 (%)
|
||
Volume (Ton)
|
Value (USD)
|
Volume
|
Value
|
|
Total
|
|
16,239,985,747
|
|
18.76
|
Machines, equipment and spare parts
|
|
3,206,607,331
|
|
26.91
|
Computers, electronic and components
|
|
2,774,476,132
|
|
70.82
|
Fabrics of all kinds
|
|
1,601,201,284
|
|
15.47
|
Telephones and components
|
|
1,443,870,753
|
|
-26.18
|
Iron and steel of all kinds
|
1,378,349
|
866,501,924
|
22.67
|
4.42
|
Textile, garment, leather and footwear materials
|
|
519,066,477
|
|
13.64
|
Plastic products
|
|
516,338,998
|
|
8.92
|
Iron and steel products
|
|
412,025,733
|
|
37.99
|
Other ordinary metals
|
114,212
|
405,487,123
|
64.75
|
54.08
|
Chemicals
|
|
380,398,909
|
|
10.73
|
Chemical products
|
|
319,183,581
|
|
1.31
|
Fibers of all kinds
|
138,819
|
310,578,517
|
30.35
|
25.35
|
Plastics
|
154,522
|
274,328,789
|
31.26
|
17.87
|
Cameras, camcorders and components
|
|
251,848,229
|
|
27.81
|
Petroleum of all kinds
|
358,335
|
223,206,009
|
-9.61
|
-13.04
|
Ordinary metal products
|
|
199,598,380
|
|
128.63
|
Electric wires and cables
|
|
183,306,461
|
|
29.75
|
Car components and spare parts
|
|
167,945,168
|
|
53.86
|
Glass and products
|
|
120,420,694
|
|
1.4
|
Household appliances
|
|
114,133,694
|
|
-6.2
|
Wood and furniture
|
|
100,178,710
|
|
26.28
|
Pesticide and materials
|
|
98,150,767
|
|
-4.69
|
Liquefied gas
|
166,947
|
92,283,536
|
17.29
|
9.89
|
Fruit and vegetables
|
|
87,992,804
|
|
25.85
|
Coal of all kinds
|
292,643
|
83,696,010
|
78.99
|
35.19
|
Fertilizer of all kinds
|
321,684
|
80,226,618
|
4.07
|
2.1
|
Paper of all kinds
|
86,399
|
76,091,333
|
-2.86
|
-0.35
|
Paper products
|
|
71,073,636
|
|
13.73
|
Rubber products
|
|
66,663,644
|
|
16.02
|
Pharmaceutical materials
|
|
65,737,334
|
|
-0.95
|
Animal feed and materials
|
|
49,173,383
|
|
-8.42
|
Complete built car (units)
|
995
|
41,155,119
|
452.78
|
763.5
|
Seafood
|
|
36,284,209
|
|
49.12
|
Tobacco materials
|
|
31,300,658
|
|
84.76
|
Other oil products
|
|
22,463,962
|
|
17.37
|
Other means of transport and spare parts
|
|
20,547,446
|
|
-7.59
|
Rubber
|
9,578
|
17,962,396
|
7.05
|
0.43
|
Fragrant and hygent products
|
|
15,257,102
|
|
6.26
|
Ores and minerals
|
64,504
|
14,343,517
|
15.21
|
4.4
|
Other food products
|
|
11,926,475
|
|
18.39
|
Precious stones and metals
|
|
10,547,259
|
|
89.44
|
Pharmaceuticals
|
|
7,955,451
|
|
4.55
|
Confectionery and grain products
|
|
6,322,286
|
|
60.82
|
Oil and grease
|
|
1,823,920
|
|
19.83
|
Cotton of all kinds
|
217
|
354,351
|
130.85
|
45.07
|
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