China was Vietnam’s largest trade partner in the first five months of this year, with turnover of $32.76 billion, up 23.6 per cent year-on-year, according to General Department of Vietnam Customs.
It has increased its imports of fruit and vegetables and seafood from Vietnam. As at the end of May, it had imported fruit and vegetables worth $1.06 billion this year, a 51 per cent increase and accounting for 75 per cent of Vietnam’s exported fruit and vegetables.
Export turnover of fruit and vegetables to other markets such as the US, Japan, and South Korea reached $44 million, $43 million, and $40 million, respectively.
Though Vietnam exports large quantities of fruit and vegetables to China, export value is low because three-quarters is exported via unofficial channels.
South Korea and the US were the second and third-largest trading partners in the first five months, with $23.94 billion, a 45.2 per cent increase, and $19.96 billion, up 12.9 per cent up, respectively.
source: english.vietnamnet.vn
