War of escalation: cheap agricultural and aquatic products from the US and China flow to Vietnam

Sky Nguyen nguồn bình luận 999
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According to statistics from the General Administration of Customs, the items such as seafood, fruits and vegetables from the US and China recently has had the number and value of imports spiked in Vietnam. Compared to the same period last year, the amount of seafood from the US to Vietnam doubled in turnover, meanwhile, the volume of vegetables also increased by about 30%.
War of escalation: cheap agricultural and aquatic products from the US and China flow to Vietnam
Lobster, beef, chicken, apple, and cherry are the export items with real strength of the US in Vietnam with cheap and quality.

Specifically, the value of aquatic products, including shrimp and crab from the US, increased from US $ 30.5 million in the first 7 months of 2018 to US $ 54 million in the first 7 months of this year, an increase of US $ 23.5 million ( VND 540 billion). US fruits and vegetables also reached more than 155 million USD, an increase of over 65 million USD compared to the same period last year.

Newly updated information, Vietnam recently imported a lot of American food and agricultural products, in the first 6 months of the year, the country imported more than 319 tons of cherry, turnover of more than 2.9 million USD, average import price was only over 200,000 VND / kg; Apples of all kinds also reached more than 12,400 tons, worth nearly 16 million USD, the average price of imported is just over 29,000 VND / kg.

The types of US beef imported into Vietnam increased sharply, with 4,800 tons, turnover of more than 30.2 million USD, the average price at the port was only 144,000 VND / kg.

US imported pork also reached more than 2,500 tons, turnover of 4 million USD, the average price of US pork imported to Vietnam is only nearly 37,000 VND / kg. Meanwhile, American lobster imported to Vietnam in the past 6 months reached over 101 tons, worth 1.7 million USD, the average unit price is about 385,000 VND / kg.

The whole price of importing goods from the US to Vietnam according to customs declaration made by the General Department of Customs is lower than the price of similar products on the market, this shows that the products from the US come back. Vietnam increasingly has the opportunity to compete both in value and quality in the Vietnamese market.

As for the Chinese market, according to the statistics of the General Department of Customs, after 7 months, Vietnam imported Chinese seafood worth more than 81 million USD, increased by more than 15 million USD compared to the same period last year. Vegetables and fruits with a higher turnover reached USD 272 million, an increase of over USD 70 million compared to the same period last year.

Vietnam increased imports of Chinese components and machinery

The seafood products of China imported to Vietnam are mainly sturgeon, frog, fruit fish, shrimp, squid, oyster ... Meanwhile, vegetables and fruits are mainly cabbage, tomatoes, chayote. , broccoli, potatoes ...

In the last 6 months, import turnover of seafood, vegetables and fruits from the US and China to Vietnam has always increased in quantity and decreased in selling prices. This is a sign that Vietnam is becoming one of the export markets that these countries take to limit trade losses when the US and China continuously punish each other’s goods.

In addition to importing consumer goods, imports of goods as input materials from China into Vietnam over the past time increased quite strongly. In the first 7 months, Vietnam spent over 42.4 billion USD to import Chinese goods, increased by over 6.6 billion USD over the same period last year and increased by 10.8 billion USD compared to the same period in 2017.

Increasing imports and surprises are computers, electronic products and components from US $ 4.1 billion to US $ 6.9 billion, up nearly US $ 3 billion in 1 year. Machinery and equipment increased turnover from 6.3 billion USD to 8.04 billion USD, increased by more than 1.7 billion USD. as‌sorted fabrics increased from USD 4 billion to USD 4.4 billion ...

In addition to the types of products and materials imported from China with a strong increase in turnover, a number of other commodity groups and goods were also strongly imported and caused concern because of suspicion of importing semi-finished products and finished products to replace The name, changing the family name "Made in Vietnam" to export to other countries is easier, for example, wood products increased from 224 million USD to over 307 million USD.

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