Trade deficit from China in the first two months of the year hits over US$ 11 billion

	Imports and exports reach US$526 billion increasing by US$70 billion over the same period
	Import and export of Vietnam - China reaches US$162 billion

Chart by: T.B

According to the General Department of Vietnam Customs, Vietnam’s export turnover to China increased 6.4% to US$ 7.96 billion year-on-year.

By the end of February, the two export groups to this neighboring country achieved the export turnover of more than US$ 1 billion, including: computers, electronic products and components at US$1.64 billion, up 54% compared with the same period of the previous year; phones and components at US$ 1.46 billion, a sharp decrease of more than US$1 billion compared to the same period in 2023.

In addition, many product groups recorded turnover of hundreds of millions of USD. Notably, exports of agricultural product groups, especially vegetables and fruits, continue to prosper.

By the end of February, fruit and vegetable exports to the Chinese market increased 57.2% to US$501.4 million.

Imports of goods from China in the first two months of the year grew 38.57% to US$ 19.33 billion year-on-year.

Only in two months, five commodity groups imported goods from the Chinese market reached billion-dollar turnover, including: Computers, electronic products and components; Phones and components; machinery, equipment, tools, spare parts; fabrics of all kinds; iron and Steel.

In the first two months of the year, Vietnam - China trade recorded US$ 27.29 billion. The country's trade deficit reached US$11.37 billion.