Electronic imports from China increased by nearly 63%

In the past 7 months, the total import value from the Chinese market reached 79.62 billion USD, a sharp increase of 35.7%, equivalent to an increase of 20.96 billion USD compared to the same period last year, accounting for 37% of the total import value of the whole country.

According to the analysis announced by the General Department of Customs ( Ministry of Finance ) today, August 19, in July, the total value of import and export goods of the whole country reached 70.12 billion USD, up 9.4%, equivalent to an increase of 6 billion USD compared to the previous month. Of which, the export value was 36.24 billion USD, up 7.7%, equivalent to an increase of 2.58 billion USD and the import value was 33.88 billion USD, up 11.2%, equivalent to an increase of 3.42 billion USD.

Nhập khẩu hàng điện tử từ Trung Quốc tăng gần 63% - Ảnh 1. — *In the past 7 months, the total import-export value of the whole country reached 440.45 billion USD, an increase of 17.2% over the same period last year.*

In the past 7 months, the total import-export value of the whole country reached 440.45 billion USD, up 17.2% over the same period last year. Vietnam's trade balance of goods in July had a surplus of 2.36 billion USD. In the first 7 months of 2024, the trade surplus of goods was 14.53 billion USD, 1.97 billion USD lower than the surplus of 16.5 billion USD in the same period last year. The US remained Vietnam's largest export market in the 7 months. The export value to the US in the 7 months reached 66.40 billion USD, up 25%, equivalent to an increase of 13.29 billion USD over the same period last year, accounting for 29% of the total export value of the whole country. The main groups of goods exported to the US market include: computers, electronic products and components reaching 13.19 billion USD, up 50.8%; Machinery, equipment, tools and spare parts reached 11.15 billion USD, up 19.9%; textiles and garments reached 8.93 billion USD, up 5.5%; phones of all kinds and components reached 6.49 billion USD, up 31.9%; footwear of all kinds reached 4.72 billion USD, up 15.2%. Exports to the EU (27 countries) in the 7 months also recorded a sharp increase of 16.8% over the same period last year, reaching 29.52 billion USD. The value of Vietnam's exports to China reached 32.39 billion USD, up 5.8%, equivalent to an increase of 1.77 billion USD over the same period last year. Notably, in the 7 months, exports to the Hong Kong market (China) and the United Arab Emirates market increased sharply. Specifically, exports to the Hong Kong market in the first 7 months reached 6.98 billion USD, up 40.6% over the same period last year; exports to the United Arab Emirates reached 3.37 billion USD, up 51.2%.

Vietnam spends 11.37 billion USD/month importing goods from China

Regarding imports, the General Department of Customs reported that in the first 7 months, there were 5 markets and import market areas with an increase of over 1 billion USD compared to the same period last year. Of which, China was the market with the strongest increase in value with 20.96 billion USD; followed by Korea with an increase of 3.36 billion USD; ASEAN with an increase of 3.08 billion USD; Taiwan (China) with an increase of 1.98 billion USD and Kuwait with an increase of 1.06 billion USD.

Nhập khẩu hàng điện tử từ Trung Quốc tăng gần 63% - Ảnh 2.

Specifically, in the past 7 months, the total import value from the Chinese market reached 79.62 billion USD, a sharp increase of 35.7%, equivalent to an increase of 20.96 billion USD compared to the same period last year, accounting for 37% of the total import value of the whole country. Thus, on average, each month Vietnam spends 11.37 billion USD importing goods from China. Of which, imports of computers, electronic products and components from China reached 19.38 billion USD, an increase of 62.7% (equivalent to an increase of 7.47 billion USD); machinery, equipment, tools and spare parts reached 15.74 billion USD, an increase of 29.2% (equivalent to an increase of 3.56 billion USD); raw materials for the textile, footwear and leather industries reached 8.81 billion USD, an increase of 23.7% (equivalent to an increase of 1.69 billion USD). Phones of all kinds and components reached 4.62 billion USD, up 31% (equivalent to an increase of 1.09 billion USD); iron and steel of all kinds reached 4.15 billion USD, up 52.4% (equivalent to an increase of 1.43 billion USD). The total import value of these 5 groups of goods reached 52.71 billion USD, accounting for 66% of Vietnam's total import value from the Chinese market. In addition, compared to the same period last year, the import value from Korea in the past 7 months also recorded a sharp increase of 11.8%, equivalent to an increase of 3.36 billion USD, reaching 31.87 billion USD. The import value from ASEAN in the past 7 months reached 26.5 billion USD, up 13.1%, equivalent to an increase of 3.08 billion USD...

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Source: https://thanhnien.vn/nhap-khau-hang-dien-tu-tu-trung-quoc-tang-gan-63-185240819165525838.htm