AsemconnectVietnam - Vietnam-China trade hit a new record of 200 billion USD in 2024. However, our country's deficit is getting bigger.

According to preliminary statistics just announced by the General Department of Customs, in December of 2024, Vietnam-China trade reached 19.66 billion USD, of which our country's exports reached 6.17 billion USD and imports reached 13.49 billion USD.
In general, in 2024, the import-export turnover between the two countries reached 205.2 billion USD. This was the first time Vietnam-China trade reached 200 billion USD.
China is also the first trade partner with which our country has established a turnover scale of 200 billion USD or more.
In 2024, Vietnam's exports to China reached 61.2 billion USD, down by about 100 million USD compared to 2023.
Meanwhile, the country’s imports from China reached 144 billion USD, up by 33.35 billion USD compared to the previous year (equivalent to a growth rate of 30.1%).
The decrease in export turnover while the increase in import turnover has also widened the trade deficit from China compared to before.
In 2023, the trade deficit from China was only 49.35 billion USD, in 2024 it reached 82.8 billion USD.
The import and export goods between the two countries are diverse and rich, from agricultural products to raw materials, electronics, consumer goods, etc.
Currently, China continues to be our country's largest trading partner, accounting for 26% of the country's import and export turnover in 2024.
CK
Source: VITIC/ haiquanonline.com.vn