China remained major consumer of Vietnam’s farm products in the first three months of 2016, according to a report released by Vietnam’s Ministry of Agriculture and Rural Development (MARD) on Tuesday [26 April 2016]. China was the largest consumer of Vietnamese rice in the three-month period with 31.54 percent of the market share, said the report. During the period, Vietnam exported 474,390 tons of rice worth 214.58 million U.S. dollars to China, up 41.78 percent in volume and 61.76 percent in value year-on-year…Full Article: Apr 2016

Key Point

  • From January to March 2016, China’s major agricultural imports from Vietnam included rice, rubber (top two importer along with India), cashew nuts (second largest importer after the USA), wood products (third largest importer), seafood (third largest), and cassava products (top importer).

ChinaAg Comments

  • In August 2014, China planned to close some border points along the Chinese-Vietnamese border, including the Tan Thanh checkpoint in Lang Son Province (across from Guangxi region). Chinese authorities stated that the checkpoints need to be closed in order to institute new regulations on farm produce imports.
  • In May 2014, Vietnamese consumers began boycotting Chinese products after China built a US$1 billion oil rig in Vietnamese waters (near the Paracel Islands). The rig was later removed in July.
  • In 2012 and 2013, China purchased more than 1.6 million MTs of rice per year from Vietnam and roughly 500,000 MTs per year from Pakistan. The vast majority of these imports (80% by volume) were funneled in via the southern Chinese ports of Shenzhen, Huangpu, and Hong Kong.
  • From 2006 to 2011, Thailand was the primary supplier of rice to the China. Starting in 2010, a shift towards Vietnamese imports began to occur and by 2012, Vietnam overtook Thailand as the top supplier to China.

Similar Posts by ChinaAg

Spread the word. Share this post!