(VOVWORLD) - Vietnam’s import and export turnover with China stood at an estimated 103.92 billion USD during the past eight months of the year, according to the Ministry of Industry and Trade.
Durian represents the most popular fruit product exported to Chinese market |
Throughout the reviewed period China represented Vietnam's second largest export market with an estimated turnover reaching 35.79 billion USD, representing a rise of 0.1% against the same period from last year.
China remains Vietnam's largest import market with an estimated revenue of 68.13 billion USD, an annual decline of 17%.
Most notably, China is still the largest consumer of Vietnamese fruit and vegetables, accounting for nearly 65% of total turnover. Durian represents the most popular fruit product exported to this market, with jackfruit being anticipated to see robust growth in the near future.
At present, China is also considering the prospect of allowing Vietnamese fresh coconuts to be officially exported to the market.
From now until the end of the year, Vietnam's agricultural product exports to the Chinese market are forecast to witness slight growth. Some commodity groups such as fruit and vegetables, rice, and cashews are likely to maintain their high growth rate.