Vietnam has achieved a significant increase in imports from Taiwan, with computers, electronic products, and components topping the list. In the first half of 2024, these imports reached USD 6 billion, marking a 27 percent rise compared to the same period last year.
Data from the General Department of Customs reveals that trade between Vietnam and Taiwan reached USD 13 billion in the first six months of the year, an 18 percent increase from the previous year. However, Vietnam recorded a trade deficit of USD 7.5 billion with Taiwan, a rise of USD 1.07 billion from the previous year.
Vietnam's total imports from Taiwan amounted to USD 10.2 billion, reflecting a 17 percent increase year-on-year. Of this, electronics and components accounted for 58 percent of the total import value. This highlights the growing importance of technology and electronic goods in Vietnam’s trade relationship with Taiwan.
The import category also includes various other items, with ten major products exceeding USD 100 million in value, totaling USD 3.5 billion. Noteworthy imports include fabrics (USD 724 million), machinery and equipment (USD 660 million), and plastic materials (USD 583 million), all showing year-on-year growth.
On the export front, Vietnam's exports to Taiwan amounted to USD 2.72 billion, a 20 percent increase from the previous year. Major export items include computers, electronic products, and components, valued at USD 607 million, and machinery and equipment, valued at USD 346 million. Other notable exports include phones and components (USD 213 million) and iron and steel products (USD 115 million), showing strong growth in these sectors.
The data underscores a robust trade relationship between Vietnam and Taiwan, with significant growth in electronic imports and diverse exports strengthening economic ties.
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