The bilateral trade between Vietnam and China has come a long way in the present days, the establishment of strong economic ties and the revolutionary movements towards modernization have recorded an upward trajectory since 2020; the staggering bilateral trade value stands at 133.09 billion US dollars with Vietnam export to China at a rate of 44.89 billion US dollars and imports from the Chinese trade management authorities at a rate of 84.19 billion US dollars. The strategic geographical location with a good transportation establishment of 1,300 km along the long land border towards Southeast Asia and East Asia respectively fuels the growing bilateral trade.

The physical connectivity through transport infrastructure and digital connectivity via the establishment of e-commerce trade platforms in different sites ease the business growth of both the destination estates recording a bilateral trade value of 200 billion US dollars in 2023. Accompanied by many other factors, the Chinese consumer’s demands for high-quality products at affordable and competitive pricing ranges make trade destination estates like Vietnam a ready-to-go choice for fruitful investment.

Top 10 Vietnam Exports to China in 2023

According to the Vietnam Export Data, the valuable marketing strategies of the Chinese trade management authorities have attracted the provisionary rules of Vietnam’s trade. The top 10 leading exports of the nation to China in 2023 are,

• Electrical Machinery and Equipment – Value of Electrical Machinery and Equipment exports from Vietnam to China in 2023 – 41 billion US dollars.

• Textile Articles – Value of Textile Articles exports from Vietnam to China in 2023 – 13 billion US dollars.

• Footwear – Value of Footwear exports from Vietnam to China in 2023 – 8 billion US dollars.

• Fish and Seafood – Value of Fish and Seafood exports from Vietnam to China in 2023 – 7 billion US dollars.

• Plastics – Value of Plastics exports from Vietnam to China in 2023 – 6 billion US dollars.

• Fruits and Nuts – Value of Fruits and Nuts exports from Vietnam to China in 2023 – 5 billion US dollars.

• Wood and Wood Products – Value of Wood and Wood Products exports from Vietnam to China in 2023 – 4 billion US dollars.

• Iron and Steel – Value of Iron and Steel exports from Vietnam to China in 2023 – 3 billion US dollars.

• Coffee – Value of Coffee exports from Vietnam to China in 2023 – 2 billion US dollars.

• Rubber – Value of Rubber exports from Vietnam to China in 2023 – 1.5 billion US dollars.

Top 10 Exporting Industries of Vietnam to China

According to the Vietnam Trade Data, the top 10 exporting industries of Vietnam responsible for the majority of its export to China in 2023 are,

• Samsung Electronics – Net worth of Samsung Electronics in 2023 – 60 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Smartphones and Mobile Devices
2. Semiconductors
3. Televisions and Home Entertainment Systems
4. Consumer Electronics
5. Tablets and Laptops

• VinFast JSC – Net worth of VinFast JSC in 2023 – 30 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Electric Vehicles
2. Electric Scooters
3. Batteries for EVs
4. Charging Infrastructure
5. Vehicle Parts and Components

• Viettel Group – Net worth of Viettel Group in 2023 – 25 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Telecommunications Equipment
2. Smartphones and Mobile Devices
3. ICT Solutions and Services
4. Software Development and IT Services
5. Smart City Solutions

• Vingroup Joint Stock Company – Net worth of Vingroup Joint Stock Company in 2023 – 18 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Electric Vehicles
2. Smartphones
3. Real Estate Investments
4. Consumer Goods
5. Luxury Products

• Daewoo E&C Co., Ltd – Net worth of Daewoo E&C Co., Ltd in 2023 – 12 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Construction Materials and Equipment
2. Construction Machinery and Equipment
3. Engineering Design and Consultancy Services
4. Precast Concrete and Modular Building Components
5. Smart Building Solutions

• Hoa Phat Group – Net worth of Hoa Phat Group in 2023 – 10 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Steel Products
2. Steel Pipes
3. Steel Billets
4. Agricultural Products
5. Furniture and Wood Products

• Vietcombank – Net worth of Vietcombank in 2023 – 8 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Trade Finance Services
2. Currency Exchange and Hedging Services
3. International Payment Services
4. Investment and Financing Services
5. Digital Banking Services for Cross-border Trade

• Giant Cement Corporation – Net worth of Giant Cement Corporation in 2023 – 6 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Portland Cement
2. Clinker
3. Specialty Cement
4. Cement Additives
5. Ready-Mix Concrete

• Hanwha Techwin Co., Ltd – Net worth of Hanwha Techwin Co., Ltd in 2023 – 5 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. CCTV Cameras
2. Network Video Recorders
3. Video Management Software
4. Thermal Cameras
5. Smart Security Solutions

• Petro – Net worth of Petro in 2023 – 4 billion US dollars.

TOP 5 VARIANTS OF EXPORT

1. Surveillance Cameras
2. Network Video Recorders
3. Thermal Cameras
4. AI-powered Video Analytics Solutions
5. Access Control Systems

FAQ’S

Que. What is the bilateral trade value of Vietnam and China in 2023?
Ans. The bilateral trade value of Vietnam and China in 2023 is 200 billion US dollars.

Que. What is the top exported product of Vietnam to China in 2023?
Ans. Electrical Machinery and Equipment is the top exported product of Vietnam to China in 2023.

Que. Name the top exporting industry of Vietnam in 2023.
Ans. Samsung Electronics is the top exporting industry of Vietnam in 2023.

Que. Where can you get a detailed trade analysis of the bilateral trade relationship between Vietnam and China in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the bilateral trade relationship between Vietnam and China in 2023.

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