Overview In February 2023, China exported $10B and imported $5.28B from Vietnam, resulting in a positive trade balance of $4.77B. Between February 2022 and February 2023 the exports of China have increased by $2.64B (35.6%) from $7.41B to $10B, while imports decreased by $-14.6M (-0.28%) from $5.3B to $5.28B.
Trade In February 2023, the top exports of China to Vietnam were Integrated Circuits ($991M), Telephones ($782M), Sound Recordings ($563M), Electric Batteries ($323M), and Other knitted or crocheted fabrics. ($263M). In February 2023 the top imports of China from Vietnam were Sound Recordings ($1.27B), Integrated Circuits ($909M), Broadcasting Accessories ($652M), Office Machine Parts ($290M), and Non-Retail Pure Cotton Yarn ($271M).
Origins In February 2023 the exports of China were mainly from Guangxi Zhuang Autonomous Region ($1.83B), Guangdong Province ($1.63B), Jiangsu Province ($1.47B), Zhejiang Province ($1.02B), and Fujian Province ($601M), while imports destinations were mainly Guangdong Province ($1.34B), Jiangsu Province ($727M), Shanghai Province ($717M), Guangxi Zhuang Autonomous Region ($662M), and Henan Province ($343M).
Growth In February 2023, the increase in China's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Hot-Rolled Iron ($219M or 53.1k%), Computers ($112M or 272%), and Disc Chemicals for Electronics ($85.6M or 177%). In February 2023, the decrease in China's year-by-year imports from Vietnam was explained primarily by an decrease in product imports in Telephones ($-2.18B or -89.1%), Integrated Circuits ($-425M or -31.9%), and Commodities not elsewhere specified ($-312M or -60.9%).