Vietnam’s exports to China in October totalled US$5.43 billion, representing a decline of 10.87 percent compared to September’s figure of US$6.10 billion. The year-to-date total exports to China stand at approximately US$49.94 billion, reflecting China’s status as a vital trading partner despite recent contractions.
Telecommunications and electronics
Telephones, mobile phones, and parts remain the largest export category, contributing US$1.68 billion in October. However, this marked a 10.83 percent decrease from September’s figure of US$1.88 billion. Exports of computers, electrical products, and spare parts experienced a more pronounced drop of 34.58 percent, totalling US$813 million.
Agricultural products and machinery
Fruits and vegetables, a significant export to China, suffered a steep 56.55 percent decline, falling to US$308 million in October. In contrast, machinery, equipment, tools, and instruments showed resilience, growing by 12.44 percent to reach US$300 million.
Raw materials and rubber
Yarn exports increased by 21.10 percent, reaching US$198 million, while wood and wooden products grew 30.84 percent to US$188 million. Rubber exports fell sharply by 42.05 percent, down to US$332 million, reflecting reduced demand in this sector.
Other categories
Footwear exports increased modestly by 7.27 percent to US$128 million, while fishery products saw a slight decline of 0.31 percent, totalling US$196 million. The “Other” category showed notable growth of 20.07 percent, amounting to US$893 million.
Outlook moving forward
The overall decline in exports to China in October underscores challenges in key sectors such as electronics, telecommunications, and agricultural products. However, growth in categories like machinery, yarn, and wooden products indicates potential areas for expansion. Strengthening trade relations and addressing sector-specific issues will be vital for Vietnam to sustain its exports to China in the coming months.
See also: Vietnam Exports Tracker