Vietnam becomes 6th largest trading partner for China

Vietnam’s trade with China rose by 14 percent last year to $133.09 billion, making it the latter’s sixth-largest trading partner.

Its exports to China grew by 18 percent to $48.9 billion, and imports by 12 percent to $84.1 billion, according to the Ministry of Industry and Trade.

But some of Vietnam’s traditional export items like agriculture, aquaculture, and fisheries faced difficulty with their exports falling by over 3 percent to $6.8 billion.

China is its largest trading partner and second-biggest export market behind only the U.S.

Vietnam was China’s eighth-largest trading partner in 2019 before its rise to sixth in 2020. It is China’s eighth-largest supplier of goods and fifth-largest export market.