Over 160 billion yuan! An all time high!

Mondo Finance Updated on 2024-01-29

This year marks the 15th anniversary of the establishment of the comprehensive strategic cooperative partnership between China and Vietnam. In the field of goods, China and Vietnam have continued to maintain a good momentum of bilateral development, and since 2016, Vietnam has maintained China's position as the largest partner in ASEAN.

Chinese customs statistics show that in the first 11 months of this year, China and Vietnam imported and exported 145 trillion yuan, a year-on-year increase of 36%, China and Vietnam** account for 25% of China and ASEAN**. Among them, the import and export of China and Vietnam in November was 1619200 million yuan, a year-on-year increase of 125%, a monthly record high.

The industrial chain is closely coordinated, and intermediate products account for nearly 7 percent.

In recent years, the cooperation between China and Vietnam in the industrial chain has become increasingly close. In the first 11 months of this year, China and Vietnam imported and exported 101 trillion yuan, accounting for 69 percent of China and Vietnam8%。Among them, flat panel display modules, audio equipment, and lithium battery products were imported and exported 1747600 million, 655400 million, 198400 million yuan, an increase of8%。

The advantages in the field of agricultural products are complementary, and the newly approved products account for 3% of China's agricultural products imported from Vietnam.

There is broad space for cooperation between China and Vietnam in the field of agriculture, and the scale of import and export of agricultural products continues to expand. In the first 11 months, China imported 446 agricultural products from Vietnam200 million yuan, an increase of 203%。Among them, a total of 146 fresh durian, fresh sweet potato, and bird's nest will be newly imported in 2022500 million yuan, accounting for 32 percent of Vietnam's agricultural imports in the same period8%。At the same time, Chinese vegetables and temperate fruits are welcomed by the Vietnamese market. In the first 11 months, China exported 343 agricultural products to Vietnam100 million yuan, an increase of 31%。Among them, vegetables, citrus and fresh grapes were exported 65800 million, 23900 million and 1.3 billion yuan, respectively1% and 17%。

The rapid recovery and rapid growth of the border has driven the overall import and export growth.

After the transition of the new crown epidemic prevention and control, the economy has recovered, which has also led to the recovery of the border. In the first 11 months, China imported and exported a total of 1,185 to Vietnam in the form of small border amounts** and border people's mutual markets**800 million yuan, an increase of 351%, driving the growth rate of import and export between China and Vietnam by 22 percentage points. Among them, Guangxi and Yunnan have recovered rapidly on the border with Vietnam, increasing respectively6%。

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