According to statistics from General Department of Customs, in the first two quarters of this year, Vietnam - Taiwan (China) trade reached 13 billion USD, up 18% over the same period last year. Of which, Vietnam had a trade deficit of 7.5 billion USD of goods from this market, 1.07 billion USD higher than the same period last year.
Regarding import, Vietnam spent 10.2 billion USD to import goods from Taiwan (China), up 17% over the same period last year. Computers, electronic products and components were the largest import items with 6 billion USD, up 27% over the same period last year and accounting for 58% of total import turnover of goods.
In addition to computers, electronic products and components, among 36 main imported items from Taiwan (China), there were 10 imported items with a turnover of over 100 million USD with a total value of 3.5 billion USD.
Vietnam spent 724 million USD to import fabrics from this market, up 7% over the same period last year; spent 660 million USD to import machinery, equipment, tools and other spare parts, up 8% over the same period last year.
Import turnover of raw plastic materials also reached 583 million USD, up 13% over the same period last year; iron and steel with 338 million USD, up 21% over the same period last year; cameras, camcorders and components with 250 million USD, down 0.9% over the same period last year; chemicals with 285 million USD, down 8% over the same period last year; chemical products with 255 million USD, up 17% over the same period last year.
In addition, Vietnam also spent 176 million USD to import textile and footwear raw materials, down 3% over the same period last year; spent 105 million USD to import textile fibers, up 0.7% over the same period last year; plastic products with 127 million USD, up 17.9% over the same period last year.
In agricultural group, Vietnam also imported aquatic products from Taiwan (China) with 76 million USD, up 18% over the same period last year; Other food products with 14 million USD, down 13% over the same period last year; animal feed, raw materials with 24 million USD, up 9% over the same period last year. Vietnam spent 57 million USD for importing rubber from this market, down 5% over the same period last year; rubber products with 14 million USD, down slightly 0.3% over the same period last year.
Of 36 main items imported from Taiwan (China), 12 imported items decreased in value and 24 items increased in value over the same period last year. Scrap iron and steel had the highest increase with an increase of 187% over the same period last year, in contrast, glass and glass products had the deepest decrease with a decrease of 73% over the same period last year.
Regarding exports, Vietnam's goods exported to Taiwan (China) reached 2.72 billion USD in the first half of 2024, up 20% over the same period last year. Vietnam exported 39 main products to this market, of which 6 products reached a turnover of over 100 million USD with a total of 1.58 billion USD, accounting for 27% of total export turnover.
Computers, electronic products and components were the largest export item with 607 million USD, up 21% over the same period last year. Other machinery, equipment, tools and spare parts ranked second with 346 million USD, up 22% over the same period last year; phones and components with 213 million USD, up 32% over the same period last year; iron and steel with 189 million USD, up 71% over the same period last year; iron and steel products with 115 million USD, up 93% over the same period last year. Textiles and garments were only item with a decrease in turnover with a decrease of 7% to 112 million USD. Regarding agricultural and aquatic products group, Vietnam exported rice to Taiwan (China) reaching 5.8 million USD, down sharply by 53% over the same period last year. In contrast, cashew nut export turnover increased by 27% compared to the same period last year, reaching 22 million USD; cassava and cassava products increased by 15% compared to the same period last year, reaching 15 million USD; vegetables and fruits increased by 14.7% compared to the same period last year, reaching 66 million USD; tea increased by 14% compared to the same period last year, reaching 11.3 million USD...
In forestry group, Vietnam also exported wood and wood products to Taiwan (China) with 30 million USD, down 12% compared to the same period last year; paper and paper products with 56 million USD, up 8% compared to the same period last year; textile fibers with 46 million USD, up 15% compared to the same period last year...
In textile group, Vietnam exported footwear to this market for 90 million USD, down slightly by 0.1% compared to the same period last year; textile and footwear materials and accessories with 14.6 million USD, down 0.6% compared to the same period last year.

Source: Vitic/ congthuong.vn