Imports from China shoot up in H1
Imports from China shoot up in H1
Vietnam imported 24 groups of commodities during the first half of the year and the import bill of three of the groups that came from China was US$10 billion each.
During the period, Vietnam spent over US$23 billion importing computers, electronic products, and their parts, an increase of about 18% year-on-year. In this group, the total imports from China reached US$5.8 billion, up nearly 70% against last year period, Thanh Nien newspaper reported.
The imports of machinery, equipment, tools, and machine parts were the next highest, at US$17 billion, a 13% increase over the year-ago period. These items were mainly imported from China, with imported turnover reaching US$6.75 billion, up 26% versus the 2018 figure.
Meanwhile, garment and footwear materials imports from China edged up nearly 11%, accounting for over US$5 billion of the country’s total imports of US$12 billion in this group. Vietnam also spent US$1.2 billion to US$1.6 billion goods from South Korea, the U.S., and Taiwan over the first six months of the year.
Data released by the General Department of Vietnam Customs shows that Vietnam imported goods worth almost US$121 billion in the first half, an increase of 9% year-on-year.
Imports from China, South Korea, and Japan accounted for over 55% of the total figure. In particular, imports from China made up 30% of the total imports, reaching as high as US$35 billion, followed by South Korea with US$22 billion, and Japan with US$8 billion.
