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Trade between China and Vietnam

In 2024, China exported $158.8 billion to Vietnam and imported $94 billion. China ran a surplus of $64.7 billion with Vietnam, compared with a surplus of $27.9 billion in 2019. Vietnam was China’s 6th largest trading partner (4% of its trade), and China was Vietnam’s largest (29%).

Summary

China → Vietnam
$158.8billion
Vietnam → China
$94billion
China’s balance
$64.7billion

Balance

China’s trade balance with Vietnam

Trade between China and Vietnam grew 240.8-fold since 1995

USD billions (current). China’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 159
  • Imports 94
  • Balance +64.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$718 million$332 million$386 million
1996$842 million$309 million$533 million
1997$1.1 billion$357 million$723 million
1998$1 billion$217 million$811 million
1999$964 million$354 million$610 million
2000$1.7 billion$1.2 billion$536 million
2001$1.9 billion$1.4 billion$514 million
2002$2.4 billion$1.4 billion$1.1 billion
2003$3.4 billion$1.8 billion$1.6 billion
2004$4.6 billion$2.8 billion$1.8 billion
2005$6 billion$2.8 billion$3.2 billion
2006$7.8 billion$2.7 billion$5.1 billion
2007$12.8 billion$3.5 billion$9.3 billion
2008$15.5 billion$4.6 billion$10.9 billion
2009$16.7 billion$4.9 billion$11.8 billion
2010$21 billion$7.2 billion$13.8 billion
2011$25 billion$10.9 billion$14 billion
2012$31.3 billion$14.8 billion$16.5 billion
2013$37.3 billion$15.7 billion$21.5 billion
2014$45 billion$18.5 billion$26.6 billion
2015$48.8 billion$20 billion$28.8 billion
2016$49.4 billion$26.2 billion$23.2 billion
2017$61 billion$40.4 billion$20.6 billion
2018$67.2 billion$49.8 billion$17.5 billion
2019$79.4 billion$51.6 billion$27.9 billion
2020$88.6 billion$62.2 billion$26.4 billion
2021$109.6 billion$76 billion$33.5 billion
2022$118.9 billion$73.3 billion$45.6 billion
2023$112.2 billion$70 billion$42.2 billion
2024$158.8 billion$94 billion$64.7 billion

What they sell each other

What China sells to Vietnam

The top 10 headings in 2024, with their share of the total.

  1. Microchips$16.6 billion · 10.4%
    3 thousand tonnes · China’s destinations
  2. Cameras and broadcast equipment$10.5 billion · 6.6%
    88 thousand tonnes
  3. Phones and telecom equipment$6.9 billion · 4.3%
    58 thousand tonnes
  4. Hot-rolled flat steel$4.7 billion · 3%
    9 million tonnes
  5. Other knitted fabric$4.2 billion · 2.6%
    607 thousand tonnes
  6. Batteries$4.1 billion · 2.6%
    217 thousand tonnes · China’s destinations
  7. Computer and office machine parts$3.3 billion · 2.1%
    63 thousand tonnes
  8. Synthetic filament fabric$2.8 billion · 1.8%
    394 thousand tonnes
  9. Printed circuit boards$2.2 billion · 1.4%
    37 thousand tonnes
  10. Transformers and power supplies$2.1 billion · 1.3%
    120 thousand tonnes

What Vietnam sells to China

The top 10 headings in 2024, with their share of the total.

  1. Cameras and broadcast equipment$27.6 billion · 29.4%
    19 thousand tonnes
  2. Microchips$13.8 billion · 14.7%
    1 thousand tonnes · Vietnam’s destinations
  3. Computer and office machine parts$9.5 billion · 10.1%
    37 thousand tonnes
  4. Parts for broadcast equipment$6.9 billion · 7.3%
    2 thousand tonnes
  5. Computers$3.7 billion · 4%
    3 thousand tonnes · Vietnam’s destinations
  6. Other fresh fruit (berries, kiwi)$3.4 billion · 3.6%
    1.2 million tonnes
  7. Firewood and wood chips$2.1 billion · 2.2%
    12.3 million tonnes
  8. Synthetic rubber$1.9 billion · 2%
    1.1 million tonnes
  9. Cotton yarn$1.6 billion · 1.8%
    670 thousand tonnes
  10. Textile footwear$1.1 billion · 1.1%
    29 thousand tonnes

How it travels

China and Vietnam traded $252.8 billion in 2024 (both directions together). They trade mostly over land: 90% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Sea$24.8 billion · 9.8%
  2. Land$228 billion · 90.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Vietnam was China’s 6th largest trading partner (4% of its trade), and China was Vietnam’s largest (29%).

Vietnam in China’s trade
4.4%
Vietnam’s rank among China’s partners
6th
China in Vietnam’s trade
28.7%
China’s rank among Vietnam’s partners
1st

Compare with

Other partners of China

Other partners of Vietnam

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.