Major export items to China earning over US$1 billion each

Society – Economy - Ngày đăng : 12:04, 14/10/2024

Vietnam has raked in US$44.3 billion from exporting goods to the Chinese market over the past nine months, up 2.7% year on year, with many export items fetching a turnover of over US$1 billion each, according to the General Department of Vietnam Customs.
major export items to china earning over us 1 billion each picture 1
Coconut exports to China see positive signs

Throughout the reviewed period, the country saw 10 export items gross US$36.8 billion, representing a rise of 4.4% against the same period last year and accounting for 85% of the total export value to the northern neighbour.

The highest export turnover was recorded in the category of phones and components with US$10.8 billion; followed by computers, electronic products, and components with US$9.09 billion; and machinery, equipment, tools, and other spare parts with US$2.45 billion.

Meanwhile, Vietnam grossed US$1.43 billion from exporting footwear products to China, up 5.9% year on year.

Rubber exports to China reached US$1.37 billion, down 4.6% year on year, while timber and wooden products surged by 25.3% in export earnings to US$1.53 billion

Most notably, Vietnamese fruit and vegetable exports saw an upswing of 37.8% year on-year to reach US$3.79 billion, while seafood exports also rose by 19.8% year on year to US$1.21 billion.

Recently, China opened its market for several Vietnamese agricultural products such as bird's nests, fresh and frozen durian, and fresh coconuts.

Experts pointed out that there remains ample room ahead for Vietnamese fruits to make further inroads into the market, with many products expected to reach billions of US dollars over the coming years.

VOV