(13th Congress) - Two-way trade turnover between Vietnam and China continues to remain stable in 2020, said the Ministry of Industry and Trade.
Photo for illustration. (Source: VNA)
Figures from the General Department of Customs of Vietnam showed that the two-way trade turnover reached more than 133 billion USD in 2020, a year-on-year increase of 13.8%. Of this, Vietnam’s export to China was estimated at 49 billion USD, up 17.9%, and imports from the market reached 84.1 billion USD, up 11.5% compared to the same period last year.
Trade deficit from the Chinese market was valued at more than 35 billion USD, a year-on-year rise of 3.74%. With this, China continues to be the biggest commodity supplier and the second biggest export market of Vietnam.
The Ministry of Industry and Trade’s Asia-Africa Market Department quoted statistics of China Customs showing that Vietnam became the eighth biggest commodity supply market and the fifth biggest export market of China./.
BTA