Vietnam’s trade with China totaled over $31 billion in the first two months of this year, according to the National Statistics Office. China remains Vietnam’s largest import partner and second-largest export destination.
During this period, Vietnam’s exports to China were estimated at $7.9 billion, reflecting a 2.1% decline compared to the same period last year. In contrast, imports from China surged to $23.3 billion, marking a significant 20.7% year-on-year increase.
China continues to be Vietnam’s primary source of imported goods, particularly raw materials essential for domestic production.
In 2023, bilateral trade between Vietnam and China reached a record high of $205 billion, with Vietnam’s exports accounting for $61.2 billion of the total.
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