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Trade exchange with China totaled US$ 93.69 billion in 2017 

 Saturday, February 3,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and China reached US$ 93.69 billion in 2017, increased by $ 21.79 billion compared with 2016, showed the statistics figures of the General Department of Customs.

The figure is expected to reach $ 100 billion this year.
Last year, the country’s exports of goods to China increased sharply by 61.5 per cent year – on – year to $ 35.46 billion.

Telephones and components were leading the list of items exported by the country to China last year with the export turnover of $ 7.15 billion, rocketed by 794 per cent and accounted for 20.2 per cent of the total. It was followed by computers, electronics and components with $ 6.86 billion, up by 69 per cent; and then fruits and vegetables with $ 2.65 billion, up by 52 per cent; fibers of all kinds - $ 2.04 billion, up by 23.7 per cent; cameras, camcorders and components - $ 2.09 billion, up by 25.8 per cent year – on – year.

However, the country’s exports of tea to China decreased by 43.6 per cent; crude oil – down by 19.7 per cent; coal – down by 33.5 per cent; coffee – down by 20.2 per cent and handbags, wallets, suitcases, hats and umbrellas – down by 3.4 per cent.

Last year, the country’s exports of paper and products to China increased sharply by 24 times to $ 113.98 million; cement and clinker – up by 55 times to $ 47.61 million; telephones and components – up by 8 times to $ 7.15 billion; chemicals – up by 96 per cent to $ 193.75 million.
The country’s trade deficit with China decreased from $ 28 billion in 2016 to $ 22.77 billion last year.

Exports of goods to China in 2017 - 
Unit: US$ - source: the General Department of Customs
Item
December 2017
December of 2017 vs. November of 2017 (+/- %)
2017
2017 vs. 2016 (+/- %)
Total
4,551,570,784
0.95
35,462,685,632
61.49
Telephones and components
1,680,483,748
9.55
7,152,498,510
793.84
Computers, electronics and components
683,319,299
-13.93
6,860,565,924
69.04
Fruits and vegetables
244,580,170
2.53
2,650,556,673
52.44
Cameras, camcorders and components
321,344,629
-1.99
2,088,495,812
25.81
Fibers of all kinds
189,218,592
-0.04
2,042,467,137
23.73
Machines, equipment and spare parts
132,995,896
-2.62
1,574,069,087
41.55
Rubber
162,578,047
6.81
1,445,450,909
45.61
Footwear of all kinds
101,923,399
-7.32
1,140,655,060
26.08
Textiles and garments
120,216,315
12.86
1,104,143,985
34.06
Seafood
84,533,347
-16.79
1,087,862,645
59.37
Wood and furniture
106,065,788
11.57
1,070,353,502
5.04
Crude oil
125,431,642
22.38
1,050,222,329
-19.7
Rice
59,190,723
-6.93
1,026,711,329
31.35
Cassava and products
107,800,552
8.15
911,072,487
4.82
Electric wires and cables
57,316,627
-14.25
505,666,196
42.52
Cashew nuts
56,821,608
-13.2
469,380,047
11.19
Textile, garment, leather and footwear materials
23,004,189
-2.81
287,876,435
10.7
Means of transport and spare parts
23,705,149
-11.31
252,391,176
22.01
Petroleum of all kinds
17,871,482
-15.36
217,322,246
26.29
Animal feed and materials
19,273,284
8.19
199,913,680
1.28
Chemicals
6,183,121
-71.63
193,747,807
96.35
Plastics
29,994,290
13.5
179,536,034
76.09
Handbags, wallets, suitcases, hats and umbrellas
12,273,640
-25.34
147,573,178
-3.41
Paper and products
8,414,774
-49.44
113,979,143
2.336.49
Chemical products
9,580,298
-19.95
106,222,027
33.14
Other ordinary metals and products
3,868,810
-46.99
97,528,995
44.27
Ores and minerals
9,644,542
2.74
90,642,055
40.13
Coffee
9,986,332
72.66
84,836,299
-20.22
Confectionery and grain products
8,025,836
5.55
80,332,975
5.29
Rubber products
7,326,794
-2.52
76,145,211
20.89
Glass and products
4,026,183
1.05
66,573,332
0.33
Plastic products
8,155,817
31.27
64,107,183
40.57
Iron and steel products
3,911,364
-10.16
53,770,063
11.03
Cement and clinker
34,716,658
333.63
47,606,183
5.484.52
Toys, sports equipment and spare parts
2,811,115
-2.93
33,232,178
48.99
Tea
1,057,296
-41.09
14,651,234
-43.61
Non wooden furniture
1,558,168
-1.82
13,589,026
2.11
Technical fabrics
919,631
-17.26
12,746,741
18.48
Iron and steel of all kinds
1,784,628
194.31
12,578,535
65.23
Bamboo, rattan, sedge and carpet products
744,068
-6.7
8,208,966
12.62
Ceramic and porcelain products
620,805
-32.64
7,970,986
58.31
Coal
 
 
1,149,135
-33.5
CK
Source: VITIC

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