Specifically, 6 markets with a turnover of 10 billion USD include: China, Korea, ASEAN, Taiwan (China), Japan, EU. Of which, Chinese market alone reached 92.5 billion USD, a sharp increase of 34.4% (equivalent to an increase of 23.66 billion USD) compared to the same period last year, accounting for 37.47% of total import turnover of the whole country.
The second market position is Korea with 36.78 billion USD, import turnover from China is 2.5 times higher.
Turnover of the remaining major markets is respectively: ASEAN reached 30.27 billion USD; Taiwan (China) reached 14.49 billion USD; Japan reached 14.32 billion USD; EU reached 10.8 billion USD.
Statistics from General Department of Customs show that Chinese market is present in most of our country's important import groups from agricultural products to textile and garment materials, footwear; electronic components; consumer goods; iron and steel...
Notably, by the end of August, there were 15 groups of imported goods from China with a turnover of 1 billion USD or more.
Of which, the 5 largest import groups from China include: Computers, electronic products and components reached 22.65 billion USD, up 59.8% (equivalent to an increase of 8.47 billion USD); machinery, equipment, tools and spare parts reached 18.43 billion USD, up 29.2% (equivalent to an increase of 4.17 billion USD); raw materials for the textile, garment and footwear industry reached 10.16 billion USD, up 23.7% (equivalent to an increase of 1.94 billion USD); phones of all kinds and components increased 5.41 billion USD, up 28.8% (equivalent to an increase of 1.21 billion USD); iron and steel of all kinds reached 4.71 billion USD, up 44.4% (equivalent to an increase of 1.45 billion USD) compared to the same period last year.
Thus, total turnover of 5 groups of goods mentioned above alone reached 62.36 billion USD, accounting for 66% of Vietnam's total import turnover from Chinese market.
On other hand, our country's exports to the Chinese market in the first 8 months reached 38.28 billion USD, a slight increase of 3.9% over the same period last year (equivalent to an increase of 1.44 billion USD).
By the end of August, 10 groups of goods exported from our country to China had a turnover of 1 billion USD or more, but no group had reached a turnover of tens of billions of USD like import direction.
Major export groups of our country include: All kinds of phones and components; computers, electronic products and components; cameras, camcorders and components; vegetables and fruits; machinery, equipment, tools, spare parts, etc.
Thus, by the end of August, Vietnam had a trade deficit of 54.22 billion USD from Chinese market. Compared to the same period last year, trade deficit with China increased by nearly 22 billion USD, even though it was only the end of August, trade deficit with this neighboring market also far exceeded that of the whole year 2023 (in 2023, trade deficit was nearly 50 billion USD).

Source: Vitic/ congthuong.vn