According to the latest data from the General Administration of Customs,Sino-Vietnamese**Relationship has maintained a steady growth trend in 2023. In the decade from 2014 to 2023,Sino-VietnameseThe bilateral ** volume increased by 247 times, and its ** volume increased by 194 times, the import value increased by 416 times. However, the data from January to November 2023 shows:Sino-Vietnamese**Total is 2063$24.5 billion, down 21%。Be that as it may,Sino-VietnameseThe activity is still high.
From the perspective of partners, Vietnam is China's eighth largest partner, while China is Vietnam's largest partner. However, for the whole of last year, Vietnam's ranking of China's best partners fell to sixth place, and the place was replaced by Russia. This indicatesSino-VietnameseRelationships are becoming increasingly competitive.
In addition, according toData analysisSino-VietnameseThe ** is mainly concentrated in intermediate goods, accounting for about 70% of the total value of imports and exports. From the point of view of product classification,Mechanicaland electronicsSino-Vietnamese** accounted for the largest proportion of China's imports from Vietnam, reaching 6715%。In addition, textile raw materials and their products, as well as animal and plant products, are also the main onesImported goodsType.
At the same time, China's main exports to Vietnam remain the sameMechanicaland electronics. These products are mainly intermediate goods, accounting for 43% of China's total exports to Vietnam57%。This is followed by textile raw materials and their productsChemical industryPinheMetalworkWait.
fromSino-VietnameseFrom a scale perspectiveSino-VietnameseBilateral** inTextile and garment, electronic information and other fieldsIndustrial chainwithChainThe connection is very close, and it is accompanied by the industrial transfer from China to Vietnam. According to data from the Ministry of Commerce, from January to November this year,Sino-VietnameseThe import and export of intermediate goods between the two countries accounted for itSino-Vietnamese** Total 698%。This is a good exampleSino-VietnamesebetweenIndustrial chainwithChainon the close tie.
In the decade from 2014 to 2023,Sino-VietnameseRelationships are growing steadily. According to the statistics of the General Administration of Customs,Sino-Vietnamese**Imports are mainly concentrated in the following categories:
Mechanicaland electronics: yesSino-Vietnamese** China's largest import category, with an import value of US$55.6 billion, accounting for 67% of Vietnam's total imports15%。Among them, the main imported products are electromechanical and notebook audio-visual equipment. withManufacturing in ChinaThe development of the Vietnamese market and the increase in demandMechanicaland the growing value of imports of electronic products.
2.Textile raw materials and their products: This category includes:Cotton, clothing, shoes and other sub-categories, the import value reached 6.4 billion US dollars, accounting for 7% of Vietnam's total imports74%。With the development of China's textile industry and the improvement of Vietnam's status as a major manufacturing exporter, the import value of textile raw materials and their products is also increasing.
3.Animal and plant products: mainly including aquatic products, fruits, cereals and starch products, with an import value of US$5 billion, accounting for 610%。Due to its location in southeastern Asia, Vietnam is blessed with abundant water resources and farmland resources, so animal and plant products have always beenSino-Vietnamese** important parts of the .
PlasticRubberand its productsTimberplatesWoodenPulp: The import value of these two categories is 2.6 billion US dollars and 2.2 billion US dollars, respectively, accounting for Vietnam's total imports. 63%。With the Chinese pairPlasticRubberwithTimberThe demand for other raw materials is increasing, and the import value of these categories is also growing.
In addition to the above several main categories,Sino-Vietnamese** There are also some unclassified goods, with an import value of US$5.1 billion, accounting for 615%。This illustratesSino-VietnameseDiversity and complexity.
Mechanicaland electronics: yesSino-VietnameseThe category with the largest export volume accounts for 43% of China's total exports to Vietnam57%。These products are mainly intermediate goods, including:Mechanicalequipment, electronics, etc. As the world's manufacturing powerhouse, China's export of these intermediate goods to Vietnam can provide the necessary parts and equipment for Vietnam's manufacturing industry.
2.Textile raw materials and their products: This category includes chemical fibersCotton, knitted and non-knitted clothing, shoes and boots and other sub-categories accounted for 14% of China's total exports to Vietnam67%。These products are mainly intermediate goods that are used in Vietnam's textile manufacturing industry to meet its demand for textile raw materials and finished products.
Chemical industryPinheMetalwork: The export value of these two categories is 14.2 billion US dollars and 12.8 billion US dollars, respectively, accounting for China's total exports to Vietnam. 36%。Chemical industryProducts include:PlasticRubberand its productsMetalworkMainly steel and aluminum products. These products are mainly used in Vietnam's manufacturing industry andConstruction industry
4.Furniture LampsToysproducts, transportation equipment and opticsMedicalInstruments, ceramics, glass and mineral materials, and plant products: the export value of these categories is US$4.6 billion, US$4.4 billion, US$3.6 billion, and US$2.9 billion, respectively, accounting for China's total exports to Vietnam. 36%。These products are mainly used to meet Vietnam's consumption and construction needs, such as furniture, lamps, etcToys, transport equipment, opticsMedicalinstruments as well as ceramics, glass, etc.
In summary,Sino-Vietnamese** MainImported goodsIncluding:Mechanicaland electronic products, textile raw materials and their products, animal and plant productsPlasticRubberand its productsTimberplatesWoodenPulpWait. Key export commodities include:Mechanicaland electronic products, textile raw materials and their productsChemical industryproductsMetalworkFurniture LampsToysproducts, transportation equipment and opticsMedicalInstruments, ceramics, glass and mineral materials, plant products, etc. These goods are inSino-VietnameseIt plays an important role in promoting the economic development and cooperation between the two countries.