Accounting for more than 25% of the country's total import-export turnover

According to data from the General Department of Customs , in 2023, Vietnam's exports to China will reach 61.2 billion USD, an increase of 6.4% compared to 2022. Of these, there are 12 groups of goods exported to this market. achieve turnover of 1 billion USD or more. Export growth in the Chinese market is a bright spot in the country's exports in the context of exports to most major markets decreasing.

China continues to be Vietnam's largest trading partner

On the contrary, imports of goods from China reached 110.64 billion USD, down more than 7.3 billion USD compared to 2022. There are up to 17 groups of goods imported from China with a turnover of 1 billion USD or more.

Thus, with a total import-export turnover of 171.84 billion USD achieved in 2023, China continues to be Vietnam's largest trading partner, accounting for more than 25% of the country's total import-export turnover.

With the agricultural, forestry and fishery products group , according to a report from the Ministry of Agriculture and Rural Development, in 2023, China, the US, Japan, EU, and ASEAN will continue to remain the 5 largest export markets for agriculture. Vietnamese products.

However, last year, except for the Chinese market, which recorded positive growth, Vietnam's agricultural exports to key markets all had negative growth.

Specifically, agricultural export turnover to the Chinese market increases by 17% compared to 2022 and accounts for 23% of the total export value of our country's entire agricultural sector in 2023.

Accordingly, China officially surpassed the US to become the largest customer of Vietnamese agricultural, forestry and fishery products. In 2023, China will spend up to 12.2 billion USD to import agricultural, forestry and fishery products from Vietnam.

Large room for export of agricultural, forestry and fishery products

According to a report by the Import-Export Department (Ministry of Industry and Trade), in 2023, China will be Vietnam's largest rubber export market, accounting for 79.63% in volume and 78.52% in value of the total. The country's rubber exports reached 1.7 million tons, worth 2.27 billion USD, up 6.6% in volume, but down 4.8% in value compared to 2022.

In the structure of the fruit and vegetable export market, China is always Vietnam's largest fruit and vegetable import market, with a proportion accounting for 65% of the total export value. Export of fruits and vegetables to the Chinese market recorded a high growth rate thanks to a number of Protocols signed with China in 2022. Therefore, the export value of fruits and vegetables to the Chinese market in 2023 reached 3.6 billion USD, an increase of 138.7% compared to 2022.

Durian is one of Vietnam's key products exported to China

In 2023, China will continue to be Vietnam's largest consumer market for cassava and cassava products, accounting for 91.52% in volume and 90.99% in value of the country's total exports, reaching 2.7 million tons, worth 1.18 billion USD, down 9.3% in volume and down 7.7% in value compared to 2022. Average export price of cassava and cassava products of Vietnam to China in 2023 at 438.9 USD/ton, up 1.7% compared to 2022.

Mr. Phung Duc Tien - Deputy Minister of Agriculture and Rural Development - said that China - a market of 1.4 billion people, with signed Protocols, along with commercial infrastructure to help exchange trade. 2-way is more convenient; the reduction of administrative procedures in animal and plant quarantine; Many agricultural products are about to sign the Protocol,... Vietnam will have certain advantages in exporting agricultural, forestry and fishery products to this market in the near future.

“China is a huge market for many high-quality agricultural, forestry and fishery products from Vietnam. However, to take advantage of the opportunity to accelerate agricultural exports to China, it is necessary to prove to this country's consumers the outstanding quality of Vietnamese agricultural products, along with the reliability of trade. sell," Mr. Phung Duc Tien said.

Mr. To Ngoc Son - Deputy Director of the Asia-Africa Market Department ( Ministry of Industry and Trade ) - commented that China is an important export market for some Vietnamese agricultural products. However, China is currently adjusting its import policies. Accordingly, along with improving the legal system, China is currently tightening the management of imported agricultural, forestry and fishery products. Accordingly, import is only allowed at certain border gates; At the same time, require registration of import enterprises; Strengthen traceability; sets new requirements on labels.

This market also strengthens enforcement of laws on importing goods, accordingly, China has a policy of bringing trade activities into regularity and order. At the same time, strengthen supervision and strictly implement regulations.

Also according to Mr. To Ngoc Son, China is a market with high and strict standards. This market is reducing its level of dependence, moving to stop the form of informal export and is moving quickly and strongly to a form of formal trade; Update new market trends; and aim to produce high quality items; increase access to the region. Taking advantage of the exchange of border residents for large trade leads to risks such as goods congestion at peak times.

Currently, the Ministry of Industry and Trade is collecting public opinions on the Decree amending and supplementing a number of articles of Decree No. 14/2018/ND-CP dated January 23, 2018 of the Government detailing commercial activities. border trade. The conversion of small-scale trading activities to official channels also aims to bring the exchange of border residents to its true nature.

To promote the export of goods in general, and agricultural, forestry and fishery products in particular to the Chinese market, Mr. To Ngoc Son also recommended that businesses should focus on building brands and protecting brands; Research and comply with regulations on quality standards, testing, quarantine, packaging, and traceability of the Chinese market; Carefully research the needs and development trends of the market. At the same time, taking advantage of the Vietnam - China intermodal railway transport route; Build a team of staff who are fluent in the market and language; exploit the market through e-commerce .