Vietnam Exports to China in 2023 reaches US$171 billion

	Vietnam exports over 453 million medical maks in 2021
	Vietnam exports 1.7 million tonnes of rice in Q1

Chart by T.B.

According to the statistics of the General Department of VietNam Customs, Vietnam’s exports to China increased by 6.4% year-on-year to US$ 61.2 billion.

Vietnam’s exports to Chinse market is a bright spot in the gloomy global trade activities in the previous year.

In 2023, 12 product groups of the country’s exports to the neighboring market recorded the turnover of US$1 billion or more. The two product groups with the turnover of US$10 or more include: mobile phones and components at US$16.87 billion; computers, electronic products and components at US$13 billion.

Other groups achieved the turnover of billion dollar such as cameras, camcorders and components; Vegetables; machinery, equipment, tools, spare parts...

The imports of goods from China decreased over US$ 7.3 billion year-on-year to US$ 110.64 billion.

17 groups of goods imported from China with a turnover of US$1 billion or more. Two import commodity groups reached billion US$ as computers, electronic products and components at US$23.4 billion; machinery, equipment, tools, and spare parts atUS$ 22.5 billion.

With a total turnover of US$171.2 billion achieved last year, China continues to be Vietnam's largest trading partner, accounting for more than 25% of the country's total turnover.

However, our country's trade deficit with China is still large when last year's trade deficit was about US$50 billion.