Vietnam's Imports Of Raw Materials And Shoes From China Increased Considerably This Year.
Vietnam's Xigong Economic Times reported on May 6th that Vietnam's trade deficit amounted to about $4 billion 650 million in the first 4 months of this year, accounting for 23.1% of its total exports, of which China's trade deficit accounted for 75.4% of the total deficit.
The main commodities imported from China are iron and steel, textiles and raw materials for shoe making, which serve the production. In the first 4 months of this year, the imports of these commodities increased by 31.5% over the same period last year, accounting for about 80% of imports. Other controls on imports and restricted imports do not import much from China, and have little impact on the trade deficit.
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