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Thailand – big trade partner of Vietnam in ASEAN 

 Tuesday, August 22,2017

AsemconnectVietnam - Thailand got surplus of nearly US$ 2 billion in trade exchange with Vietnam in the first seven months of 2017.

The bilateral trade exchange between Vietnam and Thailand is developing. Thailand has become the biggest trade partner of Vietnam in ASEAN with the two way trade in 2016 of $ 12.5 billion, up by 8.9 per cent compared with 2015 and nearly $ 7 billion in the first six months of this year, up by 22.5 per cent over the same period of 2016.

In the first seven months of this year, the bilateral trade exchange between Vietnam and Thailand totaled $ 7.3 billion. Of the figure, the country exported $ 2.6 billion worth of goods to, and imported $ 4.7 billion worth of goods from Thailand.

Cell phones and accessories were the leading item exported by the country to Thailand in the first seven months of this year with $ 627.7 million, up by 38.97 per cent. It was followed by computers, electronics and components - $ 289.1 million; up by 29.19 per cent; and crude oil - $ 234.3 million, up by 224.92 per cent. 

Vietnam’s exports of goods to Thailand in the first 7 months of 2017 (Unit: US$ - source: the General Department of Customs)

Item
First 7 months of 2017
First 7 months of 2016
Comparison (%)
Total
2,644,149,380
2,083,133,800
26.93
Cell phones and accessories
627,779,731
451,731,898
38.97
Computers, electronics and components
289,102,170
223,781,460
29.19
Crude oil
234,377,710
72,133,480
224.92
Means of transport and spare parts
183,315,814
185,015,501
-0.92
Machines, equipment and spare parts
182,995,674
174,658,185
4.77
Seafood
137,482,956
132,182,393
4.01
Iron and steel products
85,467,223
70,513,968
21.21
Iron and steel of all kinds
82,162,894
66,075,923
24.35
Textiles and garments
57,084,167
47,072,203
21.27
Fibers of all kinds
49,109,146
37,165,190
32.14
Cashew nuts
48,857,687
41,443,597
17.89
Coffee
40,987,003
30,182,200
35.80
Other ordinary metals and products
38,741,791
17,801,725
117.63
Chemical products
32,573,509
30,301,152
7.50
Plastic products
29,147,666
26,667,385
9.30
Footwear of all kinds
26,678,823
22,249,011
19.91
Animal feed and materials
25,857,376
29,087,208
-11.10
Textile, garment, leather and footwear materials
25,004,038
23,129,273
8.11
Fruit and vegetables
23,633,999
23,701,622
-0.29
Electric wires and cables
23,004,336
13,969,005
64.68
Plastics
21,581,854
19,078,885
13.12
Ceramic and porcelain products
20,774,178
19,434,391
6.89
Pepper
20,715,781
20,760,402
-0.21
Petroleum of all kinds
20,353,263
52,089,025
-60.93
Technical cloth
18,991,130
10,096,597
88.09
Wood and furniture
12,126,753
11,560,522
4.90
Paper and products
12,058,511
4,903,860
145.90
Confectionery and grain products
10,806,346
10,378,415
4.12
Rubber products
9,774,594
5,616,348
74.04
Handbags, wallets, suitcases, hats and umbrellas
8,626,097
8,181,279
5.44
Chemicals
8,294,754
8,271,813
0.28
Coal
6,749,795
1,551,372
335.09
Fertilizer of all kinds
3,999,840
2,118,562
88.80
Glass and products
2,671,469
2,621,205
1.92
Precious stones, metals and products
1,373,803
1,172,059
17.21
Ores and minerals
55,700
89,679
-37.89

CK
Source: VITIC

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