According to the General Department of Vietnam Customs, by the end of April, Vietnam's total import turnover of goods from the Chinese market reached US$42 billion, a sharp increase of 29.9% (equivalent to an increase of US$9.67 billion) compared to the same period last year.

Notably, the Chinese market accounted for 36.5% of the country's total import turnover in the past 4 months. This number increases significantly compared to 32.5% for the same period in 2023.

By the end of April, major groups of imported goods from the Chinese market include:

Computers, electronic products and components reached US$10.1 billion, growing 52% over the same period last year; machinery, equipment, tools and spare parts reached US$8.1 billion, an increase of 27.9%; raw materials for the textile, garment, and footwear industries reached US$4.66 billion, rising 16.7%; phones of all types and components climbed by US$2.67 billion, increasing 25.1%; Iron and steel of all kinds reached US$2.36 billion, a growth of 53.1%...

South Korea is the second market where Vietnam imports most goods with a turnover of US$16.87 billion, an increase of 5.1% (equivalent to a growth of US$0.81 billion) over the same period last year.

In addition, other key markets such as ASEAN reached US$15.15 billion, an increase of 13.5%; Japan reached US$7.24 billion, rising 3.9%; Taiwan (China) reached US$6.59 billion, growing 10.9%; EU reached US$4.93 billion, climbing 9.8%...

Source:Customs News