 |
| Vietnam – China trade close to 200 billion USD. (Photo: congthuong.vn) |
Specifically, Vietnam’s exports to China posted 55.2 billion USD, a year-on-year decline of 0.9%, while imports from the market reached 130.2 billion USD, a year-on-year rise of 29.7%. Overall, the average two-way trade turnover between the two sides hit 16.8 billion USD per month.
If the level of export growth momentum is maintained, then two-way trade turnover is likely to hit a new record of 200 billion USD this year, equivalent to nearly a quarter of the country's total import-export turnover.
Currently, agricultural products are Vietnam’s main export item to the Chinese market. In the first ten months of 2024, the country’s agricultural export turnover to China reached nearly 10 billion USD, a year-on-year rise of 11.6%.
So far, Vietnam has had 14 agricultural products officially exported to China, including: durian, bird’s nest, sweet potato, dragon fruit, longan, rambutan, mango, jackfruit, watermelon, banana, black jelly, mangosteen, lychee and passion fruit.
Among them, several farm products such as durian and dragon fruit have become popular among Chinese consumers, with the import volume of these items from the Vietnamese market accounting for one-fifth of the total agricultural products imported from the ASEAN region.
According to GSO, total import-export turnover between both sides reached 171.9 billion USD last year./.