Friday, July 19,2019 - 23:30 GMT+7  Việt Nam EngLish 

Vietnam got over 8 billion USD in trade exchange with China 

 Wednesday, May 15,2019

AsemconnectVietnam - 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.

In March of 2019 alone, the imports from China reached 2.92 billion USD, an increase of 54.21 per cent compared to February of 2019 and an increase of 11.83 per cent compared to March of 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
CK
Source: VITIC

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