China remains biggest trade partner of Vietnam

VOV.VN - China remained the top trading partner of Vietnam with the value of US$32.76 billion during the first five months of this year, up by 23.6% the same period last year, according to the General Department of Vietnam Customs.

china remains biggest trade partner of vietnam hinh 0
It was followed by the Republic of Korea with US$23.94 billion (up by 45.2%), the US with US$19.96 billion (up by 12.9%) and the EU with US$19.66 billion (up by 13.3%).

Many export products to China obtained high consumer growth, for example, footwear (up by 19.1%), machines, equipment and tools (up by 84.5%) and seafood (up by 38.1%).

Particularly, China was the largest importer of Vietnamese fruit and vegetables valued at US$1.06 billion (up by 51%), which accounted for 75% of the country’s total exports.

In the same time, only three out of the top ten trading partners of Vietnam witnessed trade surplus, of which Vietnam obtained US$12.07 billion trade surplus from the US, US$10.03 billion from the EU and US$152 million from Japan.

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