VIETNAM - CHINA TRADE ON TRACK TO HIT $200 BILLION IN 2024

After 11 months, the Vietnam-China trade turnover has reached $185.4 billion, nearing the record $200 billion mark for the year. With an average monthly turnover of $16.8 billion, this impressive milestone highlights the strength of economic ties between the two nations.
- Exports to China: $55.2 billion (-0.9%)
- Imports from China: $130.2 billion (+29.7%)
- Trade Deficit: $75 billion (+67.7%)

Agricultural products remain a key export for Vietnam, with items like durian, dragon fruit, and mango gaining immense popularity. Agricultural exports to China reached nearly $10 billion in the first 10 months of 2024 (+11.6%).

Meanwhile, Vietnam’s imports from China primarily consist of high-quality raw materials for production, thanks to competitive prices and convenient logistics. With year-end demand rising, the trade turnover is expected to set a new record—equivalent to nearly 1/4 of Vietnam’s total import-export value.