In 1-5, China's Textile Products Exported To US $1 Billion 130 Million.

According to the Vietnam Ministry of investment website June 21st, the latest statistics of the Vietnamese customs administration show that bilateral trade volume reached 9 billion 693 million US dollars in the first 5 months of this year, an increase of 34.7% over the same period last year, accounting for 16.9% of the total import and export volume of Vietnam. Among them, imports from China amounted to 7 billion 373 million US dollars, an increase of 32% over the same period last year, and exports to China amounted to US $2 billion 320 million, an increase of 43.7% over the same period last year. The trade deficit is 5 billion 53 million dollars. China is still Vietnam's largest trading partner.

Reported that the sharp rise in export prices is the main reason for the huge increase in Vietnam's exports to China. In the first 5 months, Vietnam's exports of timber and wood products to China amounted to US $119 million, an increase of nearly two times compared with the same period last year; exports of computers, electronic products and parts increased by 172 million, an increase of 126.9%; coffee exports 14 million US dollars, an increase of 75%; rubber exports 315 million US dollars, an increase of 74.8%; footwear exports 55 million dollars, an increase of 50.3%. China ranks the third largest export market in Vietnam after the United States and Japan.

Some of the major commodities imported from China also increased significantly. Among them, imports of iron and steel and iron and steel products amounted to US $716 million, an increase of 127.3% compared with the same period last year. Imports of footwear, textile and garment raw materials and imports increased by 45.7%, imports of various oil products increased by 545 million US dollars, an increase of 34.2%; imports of chemical products increased by 343 million US dollars, an increase of 33.1%; plastic products imports 125 million US dollars, an increase of 54%; and imports of automobile parts were 135 million dollars, increasing by 1 billion 132 million.