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Current Position:Home » News » Marketing & Retail » Food Marketing » Topic

Vietnam: China remains largest trade partner

Zoom in font  Zoom out font Published: 2015-07-15  Views: 3
Core Tip: Vietnam posted 32.1 billion U.S. dollars in trade revenue with China in the first half of 2015, registering the largest amount among other trade partners of the country, Vietnam's General Statistics Office (GSO) said on Monday.
Specifically, during the six-month period, China remained the biggest supplier of commodities for Vietnam with some 24.4 billion U.S. dollars worth of products, up 23.9 percent year-on-year, the GSO said on its website in the June monthly report.

Meanwhile, Vietnam exported some 7.7 billion U.S. dollars worth of products to China in the period, up 3.6 percent year-on-year, said GSO.

Vietnam mainly exports farm products to China while importing fruit and vegetable, fertilizer, machinery, phone and accessories, steel and material for garment and textile industry, among others.

In H1, Vietnam earned 77.7 billion U.S. dollars from exports to foreign markets, said GSO, adding that the country spent 81.5 billion U.S. dollars on imports.

For exports of cassava and its related products, in H1, Vietnam exported 2.83 million tons of cassava, worth 844 million U.S. dollars, up 50.5 percent in volume and 42.6 percent in value year- on-year.

China continued to be the biggest importer of the item, while accounting for 88.71 percent of the market share, up 52.08 percent in volume and 46.28 percent in value year-on-year.

During the period, exports of 150,000 tons of cashew nuts brought Vietnam 1.08 billion U.S. dollars. China was the largest importer of Vietnamese cashew nuts, with 39.98 percent of market share, said MARD.
 
 
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