Bilateral trade between Vietnam and China reached US$5.27 billion in the first four months this year, an on-year fall of 25.9 per cent, the Ministry of Industry and Trade (MoIT) said.
In April, the two-way trade stood at US$1.51 billion, including Vietnam’s exports of US$369 million and imports of US$1.14 billion, said the MOIT said without on year comparative figures.
During the four-month period, Vietnam exported US$1.31 billion worth of commodities to China, down 10.2 per cent on-year, and imported US$3.96 billion, down 30 per cent, resulting in the country’s huge trade deficit of US$2.66 billion.
Vietnam spent the most on importing electronics and machines worth US$1.33 billion, apparels and accessories of US$743.1 million, chemicals and its products of US$398.517 million, minerals of US$357.237 million, iron and steel of US$342.8 million, vegetable products of US$178.107 million, and rubber and plastics of US$101.935 million.
Meanwhile, it also exported some same products to its neighbor during the time, of which, minerals topped the list with US$578.734 million, followed by vegetable products of US$278.137 million, electronics and machines of US$180.877 million, apparels and accessories of US$76.38 million and rubber and plastics of US$43.72 million.
The bilateral trade in 2008 reached US$20.18 billion, including Vietnam’s exports of US$4.5 billion and imports of US$15.65 billion.
The two sides also agreed to boost bilateral trade to US$25 billion in 2010, including US$5 billion with Guangdong. (Vinanet)
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