Ministry Of Commerce: The Bilateral Trade Volume Between China And Vietnam Exceeded 100 Billion US Dollars In The First Eight Months

Vietnam's exports to China reached 33.35 billion US dollars by the end of August, up 22.3% year on year, accounting for 15.6% of the total national exports, Vietnam's investment Daily reported on September 15. The main export commodities were: telephones and accessories (8.06 billion US dollars, up 65%), computers, electronic products and accessories (6.62 billion US dollars, down 8%).

Vietnam's imports from China amounted to US $72.04 billion, up 46.1% year-on-year, accounting for 33.3% of China's total imports. The main imports were: electromechanical equipment and accessories (US $16.73 billion, up 71%), computers, electronic products and accessories (US $13.49 billion, up 34%), telephones and accessories (US $5.83 billion, up 62%) Textile, clothing and footwear raw and auxiliary materials (including cotton, cloth, textile yarn, clothing and footwear raw and auxiliary materials totaled 9.2 billion US dollars, an increase of 35%).

In the first eight months, the bilateral trade volume between China and Vietnam reached 105.39 billion US dollars. China is Vietnam's first and only trade partner to break the US $100 billion mark. Vietnam's trade deficit with China is nearly 39 billion US dollars.