Vietnam exports to China see increase of 33% year-on-year

Vietnam exports to China see increase of 33% year-on-year

Data from the Vietnam’s General Department of Customs indicates Vietnam’s total import-export value by June 15, 2021 had reached US$288.68 billion. This is an increase of 33%, or $71.55 billion, year on year. The country’s exports hit $143.36 billion, up 29.7% or $32.79 billion, compared to the same period of 2020.

Imports reached $145.32 billion, an increase of 36.4%, equivalent to $38.76 billion year on year. China was still the main export market of Vietnam during this period, with $20.3 billion, up 27% year on year. Notably, exports to China accounted for 15.4% of Vietnam’s total export revenue of $131 billion.

In Asia, China was the largest export market for Vietnam, followed by the Association of Southeast Asian Nations (ASEAN), South Korea, and Japan. Of Vietnam’s total export revenue to Asian countries of $62.57 billion, China accounted for more than $20 billion.

Vietnam’s export of many fruit and vegetable products to China increased impressively during this time. Specifically, dragon fruit exports reached nearly 1.2 million tons, up 138% over the same period of last year and 62.18% of the plan for entire 2021; mango over 468,000 tons, up 156.87% year on year, exceeding by 12.33% the 2021 plan; watermelon over 290,000 tons, up 131.80% year on year, 27% higher than the yearly plan.