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Imports of goods from China reached over US$41.63 billion in eight months 

 Thursday, October 11,2018

AsemconnectVietnam - The bilateral trade exchange between Vietnam and China totaled US$66.03 billion in the first eight months of this year, increased by 19.5 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

Of the figure, Vietnam exported $24.4 billion worth of goods to; and imported $41.63 billion worth of goods from China, increased by 30.3 per cent and 14 per cent, respectively.
So in the first eight months of this year, Vietnam got $17.23 billion of deficit in trade exchange with China, down by 3 per cent year – on – year.

Machines, equipment and spare parts were leading the list of items imported by the country from China in the first eight months of this year with the import value of $7.6 billion, up by over 5 per cent year – on – year and accounted for 18.3 per cent of the total. It was followed by telephones and components - $5.23 billion, up by 13 per cent; computers, electronics and components - $4.73 billion, up by 7.8 per cent; fabrics - $4.63 billion, up by 18.5 per cent; iron and steel - $3.13 billion, up by 8 per cent; textile, garment, leather and footwear materials - $1.43 billion, up by 5.8 per cent; plastic products - $1.34 billion, up by 15.8 per cent; chemicals - $1.04 billion, up by 28 per cent.

In the first eight months of this year, Vietnam’s imports of cameras, camcorders and components increased sharply by 157.6 per cent to $553.26 million; petroleum – up by 98 per cent to $683.28 million; ordinary metal products – up by 85.6 per cent to $426.84 million; oil and grease – up by 64.6 per cent to $11.24 million; animal feed and materials – up by 57.3 per cent to $158.55 million; fruits and vegetables – up by 56.6 per cent to $250.62 million; coal – up by 53.9 per cent to $197.71 million.

However, the imports of CBU autos from China fell sharply by 91.5 per cent year – on – year to $16.3 million; and the imports of pharmaceuticals; fertilizer; rubber and tobacco materials also increased sharply by 35.2 per cent; 30.4 per cent; 24.9 per cent and 20.3 per cent, respectively year – on – year.

Imports of goods from China in the first 8 months of 2018 - 
Unit: US$ - source: VITIC – according to the figures of the General Department of Customs
Item
August of 2018
August of 2018 vs. July of 2018
(%)
First 8 months of 2018
First 8 months of 2018 vs. same period of 2017 (%)
Total
5,778,845,750
4.01
41,633,793,263
14.05
Machines, equipment and spare parts
1,051,203,035
3.66
7,600,248,738
5.03
Telephones and components
893,359,244
27.42
5,226,696,660
13.05
Computers, electronics and components
759,797,716
15.95
4,725,626,319
7.78
Fabrics of all kinds
567,181,104
-8.49
4,633,864,397
18.47
Iron and steel of all kinds
353,402,726
-22.66
3,127,165,454
7.98
Textile, garment, leather and footwear materials
185,433,633
5.49
1,430,888,457
5.81
Plastic products
179,112,596
7.49
1,339,356,873
15.75
Chemicals
133,285,857
-0.75
1,040,110,945
27.96
Iron and steel products
148,184,314
16.91
977,075,834
33.57
Chemical products
113,225,847
-1.82
893,100,344
19.03
Other ordinary metal products
116,733,927
-8.14
840,088,766
49.51
Fibers of all kinds
111,403,843
10.09
807,435,163
44.36
Plastics
96,571,286
7.24
719,410,460
20.92
Petroleum of all kinds
75,448,238
2.08
683,275,149
98.1
Cameras, camcorders and components
76,242,228
-11.69
553,257,959
157.63
Other metal products
55,499,355
3.52
426,839,585
85.57
Auto components and spare parts
51,933,527
-17.7
408,814,116
-3.97
Electric wires and cables
53,209,065
11.02
402,831,620
-2.05
Glass and products
43,956,518
9.73
325,247,557
5.42
Household appliances and components
30,106,075
-8.07
320,582,947
23.6
Pesticide and materials
27,811,531
-32.46
298,026,447
-16.8
Wood and furniture
40,472,089
6.9
265,622,140
10.95
Fruits and vegetables
51,310,049
-7.87
250,615,155
56.57
Fertilizer of all kinds
39,518,880
20.3
245,609,577
-30.37
Paper of all kinds
25,413,588
-5.94
218,091,104
2.34
Liquefied gas
27,684,170
42.12
212,017,719
13.42
Coal of all kinds
29,685,764
136.48
197,711,115
53.92
Paper products
25,391,917
9.44
188,611,185
4.12
Rubber products
23,391,374
0.68
172,620,678
13.4
Pharmaceutical materials
23,860,734
2.27
172,207,720
27.59
Animal feed and materials
24,534,572
9.73
158,553,959
57.31
Seafood
8,606,760
7.16
74,885,459
-4.29
Other means of transport and spare parts
6,633,683
-52.11
60,762,391
3.79
Other oil products
7,265,457
-18.28
58,008,827
52.55
Tobacco materials
6,484,515
125.36
56,817,210
-20.28
Ores and minerals
8,261,951
44.33
50,798,746
41.55
Rubber
5,625,677
18.54
47,838,471
-24.92
Fragrant and hygiene products
4,805,833
4.12
39,320,450
17.88
Other food products
3,487,791
-4.83
28,251,141
7.89
Pharmaceuticals
3,432,203
11.45
25,241,004
-35.19
Precious stones, metals and products
3,960,656
78.6
20,180,682
37.01
CBU autos of all kinds
2,594,600
-35.27
16,299,965
-91.49
Confectionery and grain products
1,861,810
-13.81
11,717,330
47.38
Oil and grease
738,769
41.52
11,236,034
64.55
Cotton of all kinds
344,048
228.92
1,169,546
-16.66
CK
Source: VITIC

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